Goldman Sachs hedge fund under pressure?

Financial News Online reports that Goldman Sachs' top hedge fund has continued to lose ground even after it has hired a team of 17 traders from Amaranth. The well-known Global Alpha hedge fund dropped 3.4 percent in January through April, though it rebounded a bit in April. On average, hedge funds gained in the period. What gives? Global Alpha reportedly made some big losing bets that some, like the Canadian dollar and Norwegian krone, would fall. It was also hit by market-neutral bond and equity plays. Is this going to prove to be a lingering problem for the fund? Hard to say. It lost nearly 10 percent last year. The year before it gained almost 40 percent. Goldman Sachs according to Alpha was overtaken by JPMorgan as the largest hedge fund operator this year.

For more:
- here's an article from ii.com