Two Goldman Hedge Funds In Positive Ground In December

Feb 8 2008 | 10:48am 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

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of