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The Vauxhall operation at Ellesmere Port in the north-west of England appears under serious threat as the UK car market continues to fall to new lows. As we covered in one of our earlier articles...
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Sunday 7th September 2008
News that Mark McGoldrick, nicknamed ‘Goldfinger’ during his earlier years, is making a comeback has set tongues wagging in the Square Mile. For those who have not come across the man before, he is the ex-Goldman Sachs trader who quit because he did not feel that his $70 million a year salary was enough. Then again, at the time there were some traders in the group earning upwards of $100 million a year!
It has been revealed that McGoldrick will be making his big return to the market at a time when hedge funds are falling like flies. However, this is a man who has literally made hundreds of millions of dollars out of buying and selling distressed assets which many investors would never touch. When we reveal that some of these assets include power stations, golf courses and distressed loans in all areas of the world, you can see why he is one of a kind.
A fund raising exercise will attempt to bring in $5 billion to kick start the new hedge fund and it will be interesting to see if that figure is achievable. This is when the fun and games will start with ‘Goldfinger’ back on the scene. |
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