C. Howard Wietschner, the head of Goldman Sachs' (GS) hedge fund division, is retiring after 18...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

C. Howard Wietschner, the head of Goldman Sachs' (GS) hedge fund division, is retiring after 18 years with the company, the company has disclosed in a memo. Goldman's efforts to bolster sagging profits by reducing compensation expenses have led to growing defections.