Sunday, 29 March 2015
Last updated 1 day ago
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.
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…