Goldman Sachs

(Image courtesy of Wall Street Pit, Walter Burns)

Another article from the WSJ caught my eye. The article is about a former co-head of Golden Sachs, Pierre-Henri Flamand, 40, branching off from to start his own hedge fund. This may not seem like big news because, as we all know, many huge names in the financial world have worked for Goldman at some point in his/her career. This, however, is completely different because Mr. Flamand is due to raise more than $1 billion from investors; making this the largest hedge fund launch in the world this year. He obviously was a badass at Goldman and the company probably regrets losing him, but he is on to bigger and brighter endeavors. Lucky for us Mr. Flamand did go on to say he left Goldman because he felt his job had become managing people and that he wanted to get back into investing (hell I would too if I knew people were going to give me a billion dollars to invest right off the bat). We all wish you the very best Mr. Flamand and will enjoy waiting for your appearance on next years Forbes.