Robert C. Jones, who helped found and lead Goldman Sachs Group’s quantitative equity fund management unit, is leaving after 24 years at the company, according to an internal memo sent to employees Wednesday.
He will leave Goldman Sachs at the end of this year, about a year after becoming an advisory director focused on special research projects, the memo said. The contents of the memo were confirmed by Andrea Raphael, a Goldman Sachs spokeswoman.
Mr. Jones was hired in 1987 into the company’s investment research department and became the founding head of Goldman Sachs Asset Management’s global quantitative equity group in 1989, the memo said. He stopped actively managing portfolios in 2007 although he remained co-chief investment officer of the quantitative investment solutions business along with Katinka Domotorffy, managing director and head of strategy for QIS, until the end of 2009.
Ms. Domotorffy is currently CIO and head of QIS.