Goldman Alpha Update
From Bloomberg:
Goldman Sachs Group Inc.'s $8 billion Global Alpha hedge fund has fallen 26% so far this year, according to people familiar with the fund.
Global Alpha is Goldman Sachs largest hedge fund, 2006 losses were 9%. YTD losses were previously thought to be 16% with an 8% loss in July.
If the above is true, then add another 10% loss for August, so far that is.
Goldman Sachs Group Inc.'s $8 billion Global Alpha hedge fund has fallen 26% so far this year, according to people familiar with the fund.
Global Alpha is Goldman Sachs largest hedge fund, 2006 losses were 9%. YTD losses were previously thought to be 16% with an 8% loss in July.
If the above is true, then add another 10% loss for August, so far that is.
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