Finance
Goldman Joins Rivals in Setting Up New Mideast-Focused Fund
- JPMorgan’s Saikaly joining Goldman to lead development of fund
- Goldman in talks with investors across region to raise money
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Goldman Sachs Group Inc. is working on raising a Middle East-focused fund and hired a longtime JPMorgan Chase & Co. banker to run it, according to people familiar with the matter.
The Wall Street bank has held talks with investors in the region about raising money for the open-ended fund, the people said, asking not to be named as the information isn’t public. Talks are ongoing and the fund’s final size hasn’t been decided yet, they said.