PEOPLE - Alternative Route

Eric Schwartz, co-head of the investment management division of Goldman Sachs, is retiring after 23 years with the firm and, according to rumors circulating among his soon-to-be ex-colleagues, he is considering starting an alternative-investment management firm.

Eric Schwartz, co-head of the investment management division of Goldman Sachs, is retiring after 23 years with the firm and, according to rumors circulating among his soon-to-be ex-colleagues, he is considering starting an alternative-investment management firm — the postretirement career choice du jour. Under his leadership, $750 billion-in-assets Goldman Sachs Asset Management had focused on alternative investments. Schwartz, 44, who could not be reached for comment, will leave oversight of the group to fellow co-head Peter Kraus.

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