Goldman Quant Funds Rebound In ‘08

Jun 25 2008 | 2:00am ET

A pair of Goldman Sachs quantitative funds, including its flagship hedge fund, has bounced back this year after a disastrous 2007.

Goldman’s Global Alpha—just one-fifth of its peak size, with about $2.5 billion in assets—is up 19% this year. The firm’s $1 billion Global Equities Opportunities Fund has returned 7% this year.

Last year, Global Alpha fell by 40%, and GEO fell by about 30%, both battered by market volatility in the wake of the credit crisis. The latter also required a $3 billion cash infusion last year.

Last week, Robert Litterman, chairman of Goldman’s quantitative investments, said the firm has learned its quant funds cannot be as large as they once were. At its peak, Global Alpha managed $12 billion, and GEO managed $6 billion.


In Depth

Steinbrugge: Will Hedge Funds Help or Hurt During the Next Market Correction?

Sep 7 2016 | 11:55pm ET

Most investors have become accustomed to quick rebounds when markets correct, but...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...