Thursday, 3 September 2015
Last updated 8 hours 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…