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

A

ASusilovic

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.
 
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.
 
Quote from ASusilovic:

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.
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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.
 
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.
 
Quote from ASusilovic:
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.
More...
Not sure what the SP500 performance has to do with a global macro fund that invests in currency, commodity, volatility etc. themes :confused:
 
It helps to stick to facts rather than chiming in with posters who let their jealousy mess with their rational reasoning skills:

In 2005, Carhart and co-manager
Raymond Iwanowski, 40, notched a 51 percent gross
return at Global Alpha. Posting that kind of gain requires
taking risks—and last year, Alpha lost 6 percent, its first
deficit since 1999.
More...
100+% when the SP500 was hurting badly, not too bad in my book:

The fund skated
through the 2000–02 U.S. bear stock market without a
down year and posted an annualized return of +19.75 percent,
after fees, from Dec. 4, 2001, to Dec. 31, 2005
More...
Read before you speak
http://www.haas.berkeley.edu/MFE/resource_guide/articles/Goldman Sachs Hedge Funds.pdf
 
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