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Goldman said to hire new commodities traders

Lloyd Fonzie Blankfein

Goldman Sachs hired traders from Glencore and hedge fund Moore Capital Management as the bank seeks to rebuild its bulk commodities team following a string of departures, according to people familiar with the situation.

Hedge fund managers post Q1 losses

Hedge Fund

Paul Tudor Jones, Michael Novogratz and Louis Bacon, hedge-fund managers that profited last year from bets on macroeconomic trends, posted losses in the first quarter as some of those trades turned against them.

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Lloyd Fonzie Blankfein

Goldman said to hire new commodities traders

Goldman Sachs hired traders from Glencore and hedge fund Moore Capital Management as the bank seeks to rebuild its bulk commodities team following a string of departures, according to people familiar with the situation.