Goldman Sachs’ flagship hedge fund fell almost 6 per cent during the market turmoil in February as it was hurt by losing bets on stocks, bonds and some currencies. Sources close to the fund said that a monthly update from Goldman Sachs Asset Management said February’s 5.7 per cent decline left the approximately $10bn Alpha fund down about 2 per cent for the first two months of this year. As a group, Goldman Sachs is the world’s second-largest manager of hedge fund assets with $32.5bn under management.

This entry was posted by Gwen Robinson on Wednesday, April 4th, 2007 at 5:31 and is filed under Capital markets, Hedge funds. Tagged with goldman sachs. Edit this entry.