Goldman Gathers Rattled Hedge Fund Tycoons in Hunt for Gulf Cash

When David Solomon admitted to Ken Griffin that hopes for a surge in companies going public this year had so far been miserably unfulfilled, a nervous laugh rippled through the room.

That wasn’t even the grimmest dose of anxiety at last week’s gathering in Abu Dhabi, which drew hedge fund titans eying a slice of the Gulf city’s riches.

Just a day earlier, Paul Singer, founder of Elliott Investment Management, warned the crowd that he feared the US dollar might lose its reserve currency status, according to people present, who asked not to be named discussing a private ...