Goldman Hedge Fund Group Chief Howard Wietschner to Retire

Goldman Sachs Group Inc.’s (GS) hedge fund industry group chief, C. Howard Wietschner, is retiring after 18 years at the securities firm.

The departure of Wietschner, who was named partner a decade ago, was disclosed in a memo today to employees, a copy of which was obtained by Bloomberg News.

Wietschner, 44, joined New York-based Goldman Sachs in 1994 in the firm’s convertible sales group after working for three years at law firm Weil Gotshal & Manges LLP (1127L), according to the memo.

He was co-head of Goldman Sach’s U.S. convertibles desk and ran relative value sales and trading in 2000. Wietschner in 2007 helped form the bank’s hedge fund industry group, which offers advisory services for alternative asset managers, according to the memo.

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