Global Alpha to cut leverage, volatility and will limit its size after losses

[ASusilovic]

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 !!!!

 

[rcanfiel]

Quote from ASusilovic:

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 !!!!

It is sad that a $6 billion fund has not learned what an average daytrader learns the hard way...

 

[atticus]

Quote from rcanfiel:

It is sad that a $6 billion fund has not learned what an average daytrader learns the hard way...

It was 20B.

 

[Enfinity]

Translated, we will be mediocre.

CVSIX = "New" Global Alpha

 

[rcanfiel]

Quote from atticus:

It was 20B.

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. "

 

[Cutten]

I believe this falls into the category of shutting the stable door after the horse has bolted.

 

[Daal]

good thing they are fast

 

[FerdinandAlx]

I'd say if you want someone to manage a failed hedgefund this would be how you'd want them to manage it.

 

[nazzdack]

Those two guys will get a 7-figure bonus instead of an 8-figure bonus at Christmas/Hannakah.

 

[makloda]

Quote from rcanfiel:
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. "

He meant: It used to be a lot bigger in size. Now it "only" handles $6 billion, it was way bigger before.