Bailed-Out Goldman Fund Falls In Sept.

Sep 17 2007 | 12:24pm ET

After rebounding somewhat in August, Goldman Sachs’ Global Equity Opportunities Fund reverted to recent form, losing 1.8% in the first week of September.

The market-neutral hedge fund, the beneficiary of a $3 billion Goldman-led bailout last month, also suffered a rough start last month. The $7.5 billion vehicle dropped 30% in the first two weeks of August, before recovering slightly, ending the month down 23%. But that momentum came to a halt early this month.

If misery loves company, at Goldman Sachs Asset Management, it’s got it: The firm’s flagship hedge fund, Global Alpha, plunged 22.5% last month.

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Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…