Goldman fund reportedly suffers big loss

A hedge fund run by Wall Street powerhouse Goldman Sachs posted the worst monthly performance in its 12-year history in August, according to a published report.

Goldman's Global Alpha hedge fund fell 22.7 percent last month, the Wall Street Journal said, citing a letter the fund sent to investors.

The fund is down 33.4 percent so far this year and has lost 37 percent over the last 12 months, the newspaper said.

Goldman's Global Alpha fund, a so-called multi-strategy fund that trades currencies, as well as stocks and bonds, suffered losses as turmoil hit financial markets, according to the Journal.

Read Full Article from CNNMoney.com

- Posted: 2007-09-14 10:28:24

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