Goldman Sachs Asset Management cut 20 members of its quantitative team as a result of a restructuring, according to a letter to clients. Departing members include Constantin Filitti, Bernd Hanke and Christopher Li, all vice presidents on the research side; Max Belenitsky and Patrick McDonough, vice presidents who helped implement the strategies; Eric Tsang, a vice president in trading; and Michelle Bahk, a vice president who assisted with portfolio coordination. Takahiro Komatsu, managing director, will move to another team within GSAM, according to the letter. The cuts occurred earlier this month.
P&I Daily reported the restructuring of the quant groups in February. As part of the restructuring, GSAM combined the long-only quantitative equity team led by Bob Jones, co-CIO of equity, with a quantitative hedge fund team led by co-CIO Mark Carhart.