Two Goldman Hedge Funds In Positive Ground In December

Feb 8 2008 | 9:48am ET

When it comes to hedge fund returns, the news has been all bad for Goldman Sachs lately. Almost all bad, anyway.

The Wall Street giant said yesterday that two of its hedge funds enjoyed positive returns in December, bucking the trend for hedge funds generally and for the firm’s own offerings in particular.

Goldman’s Tactical Trading Fund rose 1.72% in December, according to a regulatory filing, while its Global Equity Long/Short Fund returned 1.04%.

Even the bad news wasn’t that bad: The Goldman Sachs Global Relative Value Fund declined by just by 0.31%.

Of course, those numbers are unlikely to cheer many at Goldman. The firm’s flagship Global Alpha fund shrunk by 60% on investment losses and redemptions last year. Its new stock-picking strategy, Goldman Sachs Investment Partners, fell 6% in its first month of trading in January.


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...