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.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…