Current news for this fund:
Global Alpha and Global Equity Opportunities(Goldman Sachs) - Quantitative funds
Count of distinct funds: 2
The Financial Times has reported that Goldman Sachs has reclaimed "90 per cent of the $2bn it used to bail out" their Global Equity Opportunities Fund. The withdrawal came at the end of February. Per FT:
North American Equity Opportunities has been reported as imploded.
Further to the article, "GEO" has gone from around $5 billion in net assets to $1.2 billion now.
Regarding Goldman's Global Alpha fund, FT reports their net assets have diminished from $10 billion to $2.5 billion. Some part of this reduction is due to a loss of 40% in 2007.
Despite the troubles at GEO and Global Alpha, the funds continue on in hopes of making future profits though no fees will be earned until the funds have made back their losses. One wonders how long that will take.
Original Ailing 2007-08-09 — Global Alpha Fund:
Global Alpha fund
Forbes reports that Goldman Sachs' nine billion dollar Global Alpha quantitative hedge fund was down 16% for the year:
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Important: This fund is on our list of hedge funds that are apparently ailing or which we think are worth watching for any other reason. Ailing funds haven't shut down, but they've suffered significant value declines and/or temporarily halted redemptions. Funds on watch may not even have unusual declines, but may be posted if it is felt there may be risk of developing a more serious condition eventually.