Goldman Sachs’s Prop Traders to Set Up Fund in London

The NYT reports that two traders on Goldman Sachs’s proprietary trading desk are poised to set up their own fund in London, financed by a major European backer.  Daniele Benatoff and Ariel Roskis, part of the principal strategies desk at Goldman Sachs (GS), have struck a deal with Brummer & Partners of Sweden. Brummer is one of the largest hedge funds in Europe, with $10 billion in assets under management, and will take an ownership stake in the new fund in return for $300 million.