Multi-billion dollar hedge fund investor Coatue is getting a new, heavy-hitting talent with the addition of former Goldman Sachs investment banker Anthony Noto, TechCrunch can confirm.
News of the move by the former global co-head of technology, media, and telecommunications at Goldman Sachs to the hedge fund investor was first reported by ReCode.
The move to shore up Coatue’s tech investment team comes on the heels of the hedge fund’s announcement that it would return some $2 billion to investors due to losses earlier in the year.
Noto is leaving Goldman Sachs after a 13-year career which saw him climb from a position on the firm’s Global Investment Research desk in 1999 to a managing director by 2003 and a partner by 2004.
In the memo announcing Noto’s move, Goldman Sachs honchos Richard J. Gnodde, David Solomon and John S. Weinberg praised Noto for growing the firm’s TMT franchise.
“He has been a trusted advisor to a number of our clients and played a central role in several industry leading transactions,” the memo read.
With Noto’s departure Goldman is moving Simon Holden, Nick Giovanni and Michael Ronen into co-chief operating officer positions within the global technology, media and telecoms group. In that slot the three will work with Dan Dees, Goldman’s global head of TMT, along with Gene Sykes and George Lee, the two co-chairman of the division.