The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Asia market round-up: Goldman Sachs - Check out but don’t leave

Critics of Goldman Sachs enjoy accusing the firm of being a hedge fund. But such accusations look wide of the mark given that Goldman’s Asia’s equity guru, Hyder Ahmad, has just quit to start his own fund.

As head of risk arbitrage and co-head of Asia securities, Ahmad built Goldman Sachs’s equity operation in Asia, described by one insider as a “very well-oiled money-making machine”. Moreover, Ahmad achieved this while remaining one of the most urbane and likeable of bankers.

Keen to return to active trading, Ahmad is believed to have raised more than $1 billion already for an Asia-focused, multi-strategy fund.

Goldman might have lost some star bankers to hedge fund start-ups lately but the firm can take solace that many never leave the fold completely. Ahmad is no exception: once his fund is closed he will be returning to Goldman Sachs, this time as a client of the firm’s prime brokerage division.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree