US - The heads of Goldman Sachs Asset Management's quantitative investment strategies (QIS) team - responsible for the firm's famed Global Alpha hedge fund - have resigned.
Giorgio De Santis, managing director and co-head of QIS research is also stepping down.
The global alpha fund was one of the hedge funds hit hard during the credit crisis dropping to US$2.5bn by the middle of last year down from a peak of $12bn in 2007.
According to the client letter, Katinka Domotorffy, managing director and head of strategy for QIS will become chief investment officer and head of the team, which includes GSAM's macro fixed income and equity business.
Bob Jones will remain co-CIO of the equity team within QIS focusing on research initiatives. Kent Daniel, managing director and senior portfolio manager will join Domotorffy and Jones as co-head of the equity business.
Meanwhile, Bill Fallon, managing director and senior portfolio manager, will become co-CIO of the fixed income strategies working alongside Domotorffy, and he will become head of research for the macro and fixed income strategies.
Spokeswoman at GSAM Andrea Raphael confirmed the departures but declined to comment further.
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