Escaping the trading floor of a large investment bank for a job at a hot new hedge fund is the dream for many on the sell-side, but it's not always a permanent move.
Rodrigo Albero, who was head of equity sales for Iberia at Goldman Sachs in London, left last year for hedge fund Ronit Capital. There he was head of business development and investor relations, but eight months later he's back at Goldman Sachs. Albero is now an executive director in Goldman Sachs' securities division and re-joined the bank in London earlier this month.
Ronit Capital is an emerging markets focused hedge fund set up in 2013 by Edward Misrahi, a former Goldman Sachs partner who latterly worked as a partner at hedge fund Eton Park Asset Management. At the time of its launch, there was a big buzz around Ronit Capital, which planned to hire around 12 staff and raise $300m in assets under management, according to reports.
The latest accounts posted on Companies House in December - for the 12 months to 31 March 2016 - show that Ronit Capital LLP posted a £16k loss on revenues of £1.7m, which is up from being £440.7k in the red for the same period in 2015. It had five partners during that period and eight staff in other positions, which it paid £657k, or an average of £82.1k.
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