How big will Goldman Sachs new hedge fund really be?

There have been conflicting reports as to how much money Goldman Sachs intends to raise for its splashy new hedge fund launch. Whether it's $6 billion or $10 billion or somewhere in between, it will be big, possibly the biggest ever. Most say the $6 billion launch of Convexity Capital last year by Jack Meyer, former head of the Harvard endowment, was the biggest so far. No one doubts that Goldman Sachs can raise money. It will be interesting to see how much the firm itself kicks in. But the issue for partners Raanan Agus and Kenneth Eberts will be whether or not they can pick stocks. The fund is eschewing the quantitative approach in favor of hands-on active management. After the problems of Global Alpha, the firm's reputation is on the line. Stay tuned.  

For more:
- here's an article from the Times

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