Goldman Sachs takes another punch

Goldman Sachs just can't seem to get it right on hedge funds. After bailing out the Global Equity Opportunities Fund last year and suffering big losses on its Global Alpha Fund, you might have thought the worst was in the past. But yet another Goldman hedge fund is ailing. The Financial Times reports that the Goldman Sachs Liquidity Partners, which raised $1.8 billion in funding last year, is down 55.3 percent this year. The fund invests in credit opportunities, and was seen as a way to turn a buck on all those distressed securities, but it hasn't turned out that way. The only good news is that fund has always invested conservatively, relying relatively little on leverage. 

For more:
- here's the FT article

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