Monday, 28 July 2014
Last updated 8 min ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…