The Securities division used to have propbusinesses such as Principle Strategies and SSG. But since Goldman disbanded its Principle Strategies group, is there still any in Securities (what happened to SSG?)? Should I still apply to the Investing subdivision within Securities (where PS and SSG were housed I suppose) if the group is mostly gone?
On the other hand,houses Goldman's internal hedge funds. Actually half of the principle strategies group were transferred to a few years ago. But do they actually recruit from college/B-school? With 1.5 Ys experience in a hedge fund + MFE, do I have a chance of landing an associate position?
Securities division's prop desk and's internal hedge funds look very similar. I guess the only difference is one manages internal capital and the other manages client money?
If I want to work as a portfolio manager in a hedge fund in the future, which one should I apply to? Which one is more competitive (I guess Securities would hire more people than?)? Any info would be much appreciated.