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

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note