Friday, 31 October 2014
Last updated 37 min ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.