Goldman Hedge Fund Investors Pull $3 Billion
Goldman Sachs (GS) saw investors pull $3 billion in cash from quantitative hedge funds that have been shaky in an unpredictable market.
Half of Goldman's hedge fund redemptions came from its flagship fund, Global Alpha, according to Goldman CFO David Viniar, speaking during a fourth-quarter earnings call.
Ringing in at about $10 billion in assets, Global Alpha and other quant funds, which use trading strategies centered around computer models that identify arbitrage opportunities, have been whacked due to erratic spread widening.
Goldman Sachs: Not Just a Hedge Fund
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