Goldman Sachs Investment Partners had been raising for a new Asian fund. This was according to two sources that were familiar with the matter. Goldman Sachs Investment Partner allows clients to invest with some of the top proprietary traders.

According to the sources, the new Asian fund started its operations early this month. The Asian fund was named Oryza Capital led by Hideki Kinuhata in Tokyo and Ryan Thall in Hong Kong. The sources did not disclose how much money the fund was seeking to gather. The sources spoke in condition of anonymity as the information was held private in nature.

Kinuhata and Thall did not reply to emails seeking comment. Goldman Sachs Group's Hong Kong based spokesperson Connie Ling also refused to give statements regarding the new Asian fund.

The new Asian fund had intended to invest in Asia. This would include countries such as Japan and Australia, one source added.