Goldman Sachs made news not too long ago when news broke that it was allowing Raanan Agus, its head of proprietary equity trading, to set up an in-house hedge fund. It perhaps should have done this earlier. The fact is that Goldman Sachs is in sore need of another franchise fund. The news about its other big-name funds is only getting worse.  FINalternatives reports that Goldman Sachs' Global Equity Opportunities Fund, which staged a rally last month, is back to its losing ways; it was down 1.8 percent in the first week of September. The flagship Global Alpha fund was down 22.5 percent last month. The problem is that hit hedge funds are tough to come by. Kind of like hit mutual funds. We may see more firms try to seed winners with a little of its own dough. If the fund fares well after a year or so of incubation, it will earn a marketing effort.  

For more:
- here's the FINalternatives brief

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