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.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...