Goldman's Global Alpha Hedge Fund Falls 3.4% Since Start of '07

Discussion in 'Professional Trading' started by ASusilovic, May 30, 2007.

  1. Ha, ha, ha, ha...:p :p :p :p

    Oh, I´m so pitty on GS.

    Source : BLOOMBERG

    Goldman Sachs Group Inc.'s Global Alpha hedge fund fell 3.4 percent in the first four months of this year hurt by losses in the currency markets, according to a report sent to investors last week.

    The decline compares with the average hedge-fund advance of 4.9 percent, data compiled by Chicago-based Hedge Fund Research Inc. show. Global Alpha dropped 12 percent since 2005, when it rose 40 percent and attracted more than $3 billion of new cash.
  2. It's a macro fund. Down years are nothing special.
  3. But not two years in a row...
  4. The $10 billion fund, managed by Mark Carhart and Raymond Iwanowski, struggled in a 16-month stretch when the Standard & Poor's 500 Index climbed 22 percent.
  5. im having a bad day today so here goes.

    fantastic. i hope the fund loses 40 percent.

    just goes to show you all those head up the arse pricks at goldman can get it wrong.

    lets hope they have to cancel the house purchase in the hamptons as a result of this under performance.

    seems like goldman wont participate in this fund anymore as they dont like losing money.

    they will move in to another area where they can manipulate the market and charge excessive fees.

    there thats made me feel better.
  6. Wait until you see May's impact on YTD performance. :eek:
  7. There was an article in Bloomberg magazine a few months back about their plans to turn this thing around.

    When they get this big, it takes time.
  8. time to make friends with the Fed.
  9. Not sure what the SP500 performance has to do with a global macro fund that invests in currency, commodity, volatility etc. themes :confused:
  10. It helps to stick to facts rather than chiming in with posters who let their jealousy mess with their rational reasoning skills:

    100+% when the SP500 was hurting badly, not too bad in my book:

    Read before you speak Sachs Hedge Funds.pdf
    #10     Jun 1, 2007