Thursday, Aug 09, 2007
A call to Goldman Sachs was not returned by press time.
inalternatives: Goldman Denies Global Alpha Liquidation Rumors
Goldman Sachs denies that it is liquidating its troubled flagship hedge fund, Global Alpha.The Wall Street giant is seeking to squelch today's market rumors that it would be shuttering the once high-flying $10 billion fund, which has hit on hard times. The fund lost almost 8% in the week ended July 27, and is down more than 12% year-to-date. It’s in the throes of a 16-month-long losing streak after suffering its first down year in 2006.Earlier today, Bloomberg reported that shares of defense and aerospace company EADS, Germany’s Continental Corp. and Italian car maker Fiat—all constituents of Global Alpha—were down on rumors that the hedge fund was on its last legs.
Posted by chris :-)) @ 03:03 AM (143 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.