Goldman Plans To Fund HF Start-ups

Goldman Sachs is seeking to raise money to finance hedge fund start-ups, Bloomberg reports. The lender intends to seed managers through a new venture between its hedge-fund strategies group and its Petershill Fund.

The size of the planned Goldman effort has not been disclosed, which will be led by the bank’s Ali Raissi. New York-based Goldman shut a fund in 2008, after financing two hedge funds.

Click here for the story from Bloomberg.