Spilker has been with the company for more than 16 years and hails from its securities division. He became a partner in 1996.
One of Spilker’s goals will be to develop new hedge fund strategies while keeping an eye on risk, a company memo said.
During the fourth quarter, Goldman saw a 78 % drop in asset-management incentive fees, which gave investors pause about the direction of what has been a lucrative business. The decline was driven by poor performance in Goldman’s hedge fund.
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