2008-01-07 — cnn.com
The Global Alpha fund, which started last year with $10 billion, made an estimated loss of 39%, according to an investor in hedge funds, who has seen its initial results for December.
...
[an] investor said: "Any independent manager with those figures would have gone out of business."
Indeed. Or will Goldman keep the ailing fund around, just to have outside money it can use to take the other side of profitable proprietary trades with house money?
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