Mark Levinson, the head of transition management at Goldman Sachs Group Inc. in Australia, will leave the firm and join a nascent hedge fund.

Levinson, who joined New York-based Goldman Sachs in 2008,says he will join a firm of 10 people who formerly worked at Morgan Stanley, Tudor Investment Corp. and Pimco.

It is not clear if the hedge fund has a name but Levinson says it does have “seed capital.”

Levinson previously worked at Citigroup Inc. Levinson was promoted at Goldman Sachs to run their transitions management business in Australia in 2010.

He says he wants to have “fun” something that “has been desperately missing over the last five years,”

Tranisition managers helps superannuation funds transfer assets from one asset manager to another with minimal losses.