Ex-Goldman Prop. Traders’ Fund Up 3%

Sep 16 2010 | 2:28pm ET

The three-year-old internal Goldman Sachs hedge fund founded by its top proprietary traders is up about 3% this year.

Goldman Sachs Investment Partners returned some 26% last year, Bloomberg News reports. The fund plummeted, along with the rest of the hedge fund industry, in its first full year of operations, 2008, losing 18%.

The fund manages about $7.5 billion, 35% of which is Goldman’s own capital. Under the provisions of the recently-enacted Dodd-Frank U.S. banking rules, the firm may have to seriously cut back on its investment in the fund.

GSIP is headed by Raanan Agus and Kenneth Eberts.

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