Dec 9, 2007

Goldman hoping for large hedge fund launch

The investment giant is trying to raise $4 bil-$6 bil for what would be one of the largest hedge fund launches ever, according to the Financial Times. The new Goldman Sachs (GS) hedge fund will focus on selecting stocks, rather than using a computer-driven strategy tied to big losses at its Global Alpha hedge fund. It rose 3.3% to 216.48.

~ Investor's Business Daily, "Goldman Aims High With New Fund," November 26, 2007

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