An ex-Goldman trader is launching a massive new hedge fund

An ex-Goldman Sachs trader is launching a new macro hedge fund, and he's already raised a massive amount of money.

Edward Eisler, a former co-head of Goldman's global securities division, has raised $1 billion for his new London-based Eisler Capital, The Wall Street Journal's Justin Baer reports.

That's quite a feat. Most hedge funds nowadays would struggle to raise $1 billion by launch.

It requires a huge amount of trust from investors, not least because many hedge funds have performed poorly over the last year.

Several big name hedge funds have been hit by the recent market volatility, and on average, they're down 1% this year.

Eisler's new firm will begin trading in 2016 and has hired about 12 people, according to the Journal.

Before launching the new firm, Eisler unsuccessfully attempted to launch a $2 billion emerging-market focused private equity firm.

Read the full story at WSJ.com »