{"id":6789,"date":"2007-11-14T00:00:00","date_gmt":"2007-11-14T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"goldman-unveils-plans-for-two-credit-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2007\/goldman-unveils-plans-for-two-credit-hedge-funds.html","title":{"rendered":"Goldman Unveils Plans For Two Credit Hedge Funds"},"content":{"rendered":"<p>  FINalternatives- Goldman Sachs CEO Lloyd Blankfein said the Wall Street giant has raised one hedge fund and plans another to capitalize on the credit crunch.<\/p>\n<p>  Blankfein said Goldman has raised $2.7 billion for credit hedge fund Liberty Harbor and expects to launch a long\/short hedge fund, both designed \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cto take advantage of distressed opportunities in  the credit markets,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d he told the Merrill Lynch Banking &amp; Financial Services Conference.<\/p>\n<p>  \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cAs you know, we\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2ve had issues with the performance of certain of our quantitative funds, as have others in the space,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d Blankfein said, referring to the widely-publicized losses in its flagship  Global Alpha fund, as well as its Global Equity Opportunities and North American Equity Opportunities funds. \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cWhile direct quantitative hedge funds represent only 5% of our assets under management,  we realized it would be prudent to further expand our product portfolio in actively-managed strategies.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d<\/p>\n<p><a href=\"http:\/\/www.google.com\/news\/url?sa=T&amp;ct=us\/6-0&amp;fd=R&amp;url=http:\/\/www.finalternatives.com\/node\/2899&amp;cid=0&amp;ei=R-06R-HMMYnaygTcqsmiAw\"><strong>Read CompleteArticle<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FINalternatives- Goldman Sachs CEO Lloyd Blankfein said the Wall Street giant has raised one hedge fund and plans another to capitalize on the credit crunch. Blankfein said Goldman has raised $2.7 billion for credit hedge fund Liberty Harbor and expects [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6789","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6789"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6789\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}