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’Beware the market spam
In light of the news that Goldman Sachs’ Global Alpha — le quant fund extraordinaire – has started “liquidating” its holdings, and that other algorithmically minded unwinds have probably been stalking the markets,
A small update on Global Alpha
Back in late September and the folks at Goldman came out with its hands and head held high – Global Alpha, Goldman’s flagship hedge fund, had suffered a disastrous month through August, losing 23 per cent to be valued at only $6bn from $10bn a year previously.
Goldman to ‘do better’ on Global Alpha fund
The managers of Goldman Sachs flagship Global Alpha hedge fund broke their silence after a disastrous August with a letter to investors that promised changes in the way the fund operates, reports the Wall Street Journal.
Goldman’s Global Alpha struggles – again
More blood on the walls this Thursday the 13th. First, we learn that Red Kite is back in the doldrums after its near-miss earlier this year. Now another of the hedge fund world’s repeat victims is in the news for having a gory August.
Goldman pounded by hedge fund losses
Goldman Sachs Group shares fell nearly 6 per cent on Thursday after another of its hedge funds posted losses and reportedly sold positions, reports Reuters. North American Equity Opportunities, which started the year with about $767m in assets,