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03
Nov
News: Big Losses at Goldman Sachs Hedge Fund
By: Craig In: Trading Blog

7:40pm
FT reports that a Goldman Sachs Hedge Fund with assets under management of more than $6B lost close to $1B by September. The fund, called Goldman Sachs Investment Partners, was launched in January. The losses at the fund were driven by investments in commodities and convertible bonds.


11 Responses to “News: Big Losses at Goldman Sachs Hedge Fund”

  1. Goirish commented:
    November 3rd, 2008 at 9:22 pm

    Can you provide a link to the story?? I was not able to locate anything on Financial Times.

    Thanks!

    [Reply]

    ckeltner replied:
    November 3rd, 2008 at 9:27 pm

    http://www.reuters.com/article/marketsNews/idINN0332646320081104?rpc=44

    [Reply]

  2. Kelly commented:
    November 3rd, 2008 at 9:27 pm

    we sniffed that thing out

    [Reply]

  3. rob commented:
    November 3rd, 2008 at 9:27 pm

    http://www.reuters.com/article/marketsNews/idINN0332646320081104?rpc=44

    [Reply]

  4. pokerden commented:
    November 3rd, 2008 at 10:34 pm

    Futures seem unaffected at this time.

    [Reply]

  5. Shanky "Mr. Not So Long -again" commented:
    November 3rd, 2008 at 10:54 pm

    Hell , if they had losses that bad by september, just think of how bad their october was. That is the month that destroyed commodities. Kelly is right, the board was all over this one. I love this place.

    [Reply]

  6. Daniel commented:
    November 4th, 2008 at 12:14 am

    I have 21 puts on GS- 90s, 85s, 80s, and 2 75’s. Can we please open under $80?

    [Reply]

  7. kelly commented:
    November 4th, 2008 at 12:15 am

    It is insane, I did some research on the goldman Sacks Board over at yahoo. There are 15 or so people that keep ranting about politics. The minute you post something about GS, they bump it down immdeiately. This initially made me a bit suspicious so I looked at the peoples comment history. EVERY SINGLE ONE OF THEM accounts had been created 2 weeks ago, and the only comments they have posted have been at the GS boards, a bit of a coincidence right. Goldman deserves to go under, this is only one of many examples of how they try to manipulate the market

    [Reply]

  8. Lewis Seals commented:
    November 4th, 2008 at 3:31 am

    First target to look for on Goldman Sachs is 61.13. If that fails to hold we will continue down to 45.25. It is all relative because “Big Money” may prop up this beast. Buffet may lose his arse on this one.

    [Reply]

    kelly replied:
    November 4th, 2008 at 3:35 am

    I am thinking Tomorrow’s CDS reports might be the trigger, it will be financial dirty laundry day

    [Reply]

  9. kelly commented:
    November 4th, 2008 at 4:01 am

    http://www.reuters.com/article/marketsNews/idUSN0334825320081103

    [Reply]

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