Is the Cadillac of Hedge Funds Being Taken To The Chop Shop?

Posted by Bess Levin, Aug 07, 2007, 11:44am

Rumors are swirling-- swirling-- that Goldman Sachs's flagship hedge fund, Global Alpha, is being liquidated. The news has apparently put pressure on shares in EADS (-2%), which is a constituent of the fund, as well as Germany's Continental (-2.2%) and Italy's Fiat (-3%), which are investments of the fund. Global Alpha recorded a 7.7% loss in the last week of July, bringing its performance for the year to -12.1% before fees.

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Posted in: Goldman Sachs, Hedge Funds

Comments

1

Posted by Dave Chappelle , Aug 07, 2007 11:53AM

Goldman has already officially denied this . . .

2

Posted by PBateman , Aug 07, 2007 11:56AM

Definitely is not true.

3

Posted by Jeff Larson , Aug 07, 2007 11:58AM

yea... remember when i swore up and down that i wasn't going to shutter sowood? ah, the memories.
but we should totally believe goldman's denial.

4

Posted by Random Banker , Aug 07, 2007 12:08PM

Isn't it funny how Goldman's own hedge fund, betting the firm's money out performs the hedge funds in GSAM managing other people's money. I wonder what that means.

5

Posted by Former Eye-Patch Wearing Joker , Aug 07, 2007 12:17PM

It means they are stuck in the middle of a huge conflict of interest.

6

Posted by Not Random Banker , Aug 07, 2007 12:18PM

Random Banker, if by "Goldman's own hedge fund" you mean GS Prinicipal Strategies, then you are clearly mistaken. GS Prinicipal Strategies is now accepting outside investors as it's been moved under the GSAM umbrella.

Anyone know where these Global Alpha rumors stemming from?

7

Posted by Random Banker , Aug 07, 2007 12:30PM

interesting, i didn't know they'd moved GSPS did they move SSI to GSAM as well?

8

Posted by , Aug 07, 2007 1:06PM

Renaissance is up 40% ytd

9

Posted by em , Aug 07, 2007 1:08PM

i hear rentech was up like 4% ytd...

10

Posted by , Aug 07, 2007 1:15PM

Citadel is up 25ish% YTD

11

Posted by Shecky Buffett , Aug 07, 2007 1:16PM

Is their Smuckers Fund in a jam?

12

Posted by hold the phone , Aug 07, 2007 1:22PM

Goldman? Conflict of interest? NAWWWWWWWW

13

Posted by always a cover bid , Aug 07, 2007 1:59PM

I heard the rumor was started by teenagers whose father had a dispute with Goldman

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