New Goldman Hedge Fund Down 6% In January

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.

RELATED STORIES:

Goldman's Stock-Picking Hedge Fund Raises $7 Billion
Goldman Prepping $10B Hedge Fund Launch


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...