Friday, August 10, 2007

Bloomberg: Global Alpha Hedge Fund Off 26%

by Bill McBride on 8/10/2007 04:21:00 PM

From Bloomberg: Goldman's Global Alpha Hedge Fund Falls 26% in 2007, People Say (hat tip REBear)

Goldman Sachs Group Inc.'s $8 billion Global Alpha hedge fund has fallen 26 percent so far this year, according to people familiar with the fund.
According to earlier reports, the fund was off 16% at the end of July:
Global Alpha, Goldman's widely known internal hedge fund, is now down about 16% for the year after a choppy July, when its performance fell about 8%, according to people briefed on the matter. The fund, based in New York, manages about $9 billion.
If these reports are accurate, the fund has lost about 10% so far in August.