Tuesday, 28 July 2015
Last updated 17 hours ago
Feb 5 2008 | 1:00am ET
Goldman Sachs’ effort to diversify its hedge fund offerings is off to a rocky start.
Its new hedge fund, Goldman Sachs Opportunity Partners, finds itself in the same position its quantitative peers found themselves last year: in the red. GSIP, Goldman’s first stock-picking offering, fell 6% last month, the Wall Street blog DealBreaker.com reports.
The new fund launched in January with $7 billion, making it one of the largest-ever hedge fund debuts. It is headed by two of the firm’s former senior proprietary traders.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…