Goldman Sachs Group's largest hedge fund plans several changes after suffering big losses in August, according to a letter sent to investors by its managers. The Global Alpha fund, which handles roughly $6 billion, will reduce borrowing or leverage, aim for less volatile returns and restrict its size in future, managers Mark Carhart and Ray Iwanowski wrote in the letter, a copy of which was obtained by MarketWatch. http://www.marketwatch.com/news/sto...EA-DD2B-4EED-B59C-8EAA2D887BA9}&dist=hplatest What, no more fun with Global Alpha on the markets ? Come on, where will I get $$$$ for the maintenance of my Ferrari ?? Sh.t !!!!
Not according to the link: "The Global Alpha fund, which handles roughly $6 billion, will reduce borrowing or leverage, aim for less volatile returns and restrict its size in future, managers Mark Carhart and Ray Iwanowski wrote in the letter, a copy of which was obtained by MarketWatch. "
I'd say if you want someone to manage a failed hedgefund this would be how you'd want them to manage it.
He meant: It used to be a lot bigger in size. Now it "only" handles $6 billion, it was way bigger before.