Goldman Sachs’s Inability To Do Anything But Suck Ass When It Comes To Hedge Funds Affects HF Ranking

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This is sort of ridiculous but according to a biannual survey/study/ranking of the biggest hedge funds by Absolute Return magazine, those billions and billions of dollars Goldman lost at its flagship fund and pair of quant equity funds last year negatively affected Goldman Sachs Asset Mangement’s street cred regarding how much money it manages. On account of some completely minor little details like losing twenty seven percent of its assets in the second quarter alone, GSAM got knocked from a second to seventh place finish. Here’s hoping down 6 percent for January GSIP will be able to help things out next time around. Per usual, JPMorgan held on to its spot at number one with $44.7 billion AUM, despite losing $8.5 billion. In second, third and fourth were Bridgewater, Farallon, and Renaissance, respectively, despite the hit taken by RenTec in the movie business. In a separate, less publicized study, Pirate Capital came in first for number of soft rock ballad scions bedded on company time.
Earlier: Goldman Sachs: If You're Looking For An Infinite Number Of Second Chances To Lose Billions Of Dollars, You've Come To The Right Place
Big US hedge funds expand assets by a third [FT]

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