Goldman Sachs' hedge fund woes continuing?
Rumors are rife that Goldman Sachs' latest hedge fund, Goldman Sachs Investment Partners, had a bad January, ending up six percent down. One month does not a year make. But it is not an auspicious start to Goldman's first-ever stock picking fund. The carping that it should have stuck with the quantitative approach will not start for a while. But I'm sure the top execs were hoping for a big splash right off the bat. These guys are supposed to be making money in down markets, not trending with them. The bank has a lot riding on the fund. It has about $2 billion of proprietary money with the fund.
For more:
- here's the Financial Times item
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