Goldman's ex-European hedge fund FICC head joins marco fund

Joseph Mauro joined the fund manager as head of markets, and will be part of a new macro fund launch in 2017.

Former Goldman Sachs long-serving European head of fixed income, commodities and currencies (FICC) hedge fund sales has joined a New York-based marco fund manager.

Joseph Mauro, who joined Light Sky Macro last month, will serve as the fund’s head of markets in New York.

Mauro left the US investment bank in the summer of this year, as Goldman looked to cut around 10% of its FICC workforce. Following the revelation of the cuts, Mauro sent a ‘famous’ memo to Goldman’s junior FICC staff addressing the cuts and attempted to  put some of the industry’s current struggles in perspective.

According to Mauro’s Linkedin profile, he will be part of a new discretionary macro fund launch in 2017. The fund manager was set up by Ben Melkman, a former partner at hedge fund Brevan Howard.

Mauro had spent over 13 years at the bank, previously serving as its European head of rates sales.