GSAM: Back In The Game

Posted by Bess Levin, May 08, 2008, 10:45am

It's been pretty well-documented that Goldman Sachs isn't so good with the hedge funds. Global Equity Partners, Global Equity Opportunities, GSIP-- none of them can get it together. Leading the way has been Global Alpha, GS's flagship fund-- i.e. the central showcase for the unbridled abnormal genius that is Goldman Sachs Asset Management-- which impressively lost more money in 2007 than almost any other hedge fund. Which is why it warms our hearts to receive word that GA is up 5.4 percent for April, and a whopping (compared to negative 40) 9 percent year to date. We're so psyched about the turnaround that we're not even going to suggest that this is an early sentinel of destruction. All we're going to do is this:


Related (?): GSAM Layoffs Seem About Right

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Tags: Global Alpha, Goldman Sachs, hedge funds

Comments

Posted by guest, May 08, 2008 10:57AM

It never gets old.

Posted by guest, May 08, 2008 10:59AM

fucking love that guy.

Posted by guest, May 08, 2008 11:04AM

I bet GS executives hate the living shit out of being a publicly traded company.

Posted by guest, May 08, 2008 11:12AM

GS would never have made all the money it has over the past 6 yrs by being a private partnership.So, they are lovin' being public.

Posted by guest, May 08, 2008 11:31AM

I love chubby dudes throwing out financial ratios... get him a large gold bracelet and I may buy furniture from this guy.

Posted by Capt Obvious, May 08, 2008 11:33AM

they needed the influx of capital that came w. going public to get where they are now - but trust me - right now, the GS biggies wish they were private - can't have it both ways though

Posted by golden girl, May 08, 2008 11:45AM

Was def a good month for Goldie HF's, some others were up 15ish% ...

Posted by guest, May 08, 2008 11:54AM

My 401K, invested in nothing but index funds, was up 6% in April. Look Mom, I beat Goldman Sachs!!!

Posted by guest, May 08, 2008 1:25PM

wtf? who is this moron?

Posted by Capt Obvious, May 08, 2008 1:56PM

is the guy in the video the same kid who ate all the oysters?

Posted by guest, May 08, 2008 2:53PM

This gentleman will now be known as ballon boy.

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