Saturday, 28 March 2015
Last updated 13 hours ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…