If your Hedge Funds plummet … what will you do?
If you are Goldman Sachs … you just form a new one
… you even set a new record for luring money into a newly set up fund … talk is … 10 bln $ will follow the sounds of the (sometimes finacial death bringing) flutes of Goldman Sachs … why that? A new example of “Stupidity rules” ???
What are they doing … they outsource their trading desk … why? Because they lost too many people in the past, so they hold on to them by seeting them up as a Hedge Fund and paying them as one … or at least making it quite unattractive for them, setting up their own.
So … I have some questions
Should I sell their stock now? Does this cut into Goldman’s profits?
Either by too much money chasing the same ideas or by not being able to provide their best traders with the so important information, they had before???
Or is this the reason as well that the fund is doomed from the start???
How can they start with a “PROVEN TRACKRECORD” ??? How can the situation of a Hedge Fund be honestly the same as being the trading desk of one of the “wellconnected” banks? ![]()
This idea smells like rotten fish … and they get 10bln$??? WOW
nothing seems impossible nowadays …
And every investor should remember … Their Global Alpha Fund started this year with a bit more than 10 bln$ and lost just a fraction more than the S&P (YES … sarcasm!) 37% per Nov. 30th … and their Global Equity Opportunities Fund went down 23% IN AUGUST ALONE … I NEVER WOULD TRUST THEM ANYMORE …
Why do they make loads of money? Selling the stuff to their clients and their funds??? And again … I smell the fish (read above) …
Tags: Goldman Sachs, Hedge Funds
