Monday, June 27, 2011

Goldman Is Pissed That A Star Is Leaving His Fund After They Bought A 20% Stake In It


BusinessInsider reports that one of the main reasons that Goldman Sachs invested in Trafalgar Asset Managers is because of a man called Lee Robinson.

But Robinson, "an outspoken hedge fund manager" and a native of Australia, is quitting Trafalgar to launch his own fund. And Goldman, which has a 20 percent in Trafalgar through its Petershill's fund, is not happy.

Robinson has been fundraising in Monaco, where he lives, "in defiance of the bank" FT reports…

Find out more at:
http://www.businessinsider.com/lee-robinson-goldman-sachs-angry-trafalgar-asset-managers-new-fund-2011-6

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