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Analyst Sherlund Plans to Leave Goldman

The software analyst wants to give investing a try, according to <I>The Wall Street Journal</I>.

Rick Sherlund, Goldman Sachs' (GS) - Get Goldman Sachs Group, Inc. Report veteran software analyst, plans to leave the firm to try his hand at money-management, according to a weekend media report.

The Goldman managing director will continue to work at the firm as he considers his options on the buy side, according to a report in

The Wall Street Journal

. He will have a year to make the transition, according to a Goldman spokesman quoted in the report.

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Sherlund, 52, began covering


when it went public in 1986 and is viewed as a leading authority on the software giant.

"I'm really focused on managing money," the report quoted Sherlund as saying. "As an analyst it's terrifically rewarding but you're very narrowly focused. I'd like to focus more broadly and have the ability to make some stock calls."

Sherlund is considering starting his own fund, but said "most likely I'll go work with someone else to gain some experience in the money-management side," according to the report.