Goldman Plans To Fund HF Start-ups

Goldman Sachsis seeking to raise money to finance hedge fund start-ups,Bloombergreports. The lender intends to seed managers through a new venture between its hedge-fund strategies group and itsPetershill Fund.

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

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