Goldman Names Avanessians to Run Quant Funds, Hires Hua
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Goldman Sachs Group Inc., the fifth-biggest U.S. bank by assets, said new managers will run the quantitative funds unit and that Katinka Domotorffy is retiring after 13 years at the firm.
Armen Avanessians, a partner who has served on the securities division’s executive committee since 2003, will head the global quantitative business within asset management, the New York-based company said in a letter to clients yesterday. Ron Hua, who oversaw $12 billion of equity assets at PanAgora Asset Management Inc., was hired as chief investment officer and head of the quantitative equity alpha business.