Wednesday, 1 April 2015
Last updated 38 min ago
Aug 7 2007 | 12:26pm ET
Goldman Sachs denies that it is liquidating its troubled flagship hedge fund, Global Alpha.
The Wall Street giant is seeking to squelch today's market rumors that it would be shuttering the once high-flying $10 billion fund, which has hit on hard times. The fund lost almost 8% in the week ended July 27, and is down more than 12% year-to-date. It’s in the throes of a 16-month-long losing streak after suffering its first down year in 2006.
Earlier today, Bloomberg reported that shares of defense and aerospace company EADS, Germany’s Continental Corp. and Italian car maker Fiat—all constituents of Global Alpha—were down on rumors that the hedge fund was on its last legs.
A call to Goldman Sachs was not returned by press time.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…