Goldman Sachs to Shift Hedge Fund Services to Digitalized Marquee Platform

Goldman Sachs is planning to move its prime services business onto its flagship electronic platform Marquee, in a move that will digitalize the capital raising process for new fund launches. According to a story in The Trade news, the project, dubbed Marquee Connect, will include the development of an electronic capital introduction service, providing a new virtual way for hedge funds to connect with prospective institutional investors. The plans would enable hedge funds to present new fund launches, connect them with interested investors, and maintain control over how information is shared. Users can also search the vehicles they want to invest in by strategy, geography, fees, and performance, potentially opening up investors to some of the world’s top regarded managers though Goldman Sachs’ prime brokerage division.