{"id":9029,"date":"2008-11-04T00:00:00","date_gmt":"2008-11-04T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"goldman-fund-loses-nearly-1-billion-in-9-months","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2008\/goldman-fund-loses-nearly-1-billion-in-9-months.html","title":{"rendered":"Goldman Fund Loses Nearly $1 Billion in 9 Months"},"content":{"rendered":"<p>CNBC &#8211; A <strong>Goldman Sachs<\/strong> hedge fund that launched in January with over $6 billion under management lost close to $1 billion by September, according to the Financial Times.<\/p>\n<p class=\"textBodyBlack\">The fund, known as <strong>Goldman Sachs Investment Partners<\/strong>, has told investors it lost $989 million by September, the newspaper said on Monday.<\/p>\n<p class=\"textBodyBlack\">\n<p class=\"textBodyBlack\">Most of the fund&#8217;s losses stemmed from investments in commodities, basic materials, metals, mining, energy and agriculture, the FT said.<\/p>\n<p class=\"textBodyBlack\">Losses from investments in convertible bonds &#8212; debt instruments that can convert into equity &#8212; also contributed to poor returns, the newspaper said.<\/p>\n<p>  <strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.cnbc.com\/id\/27530827\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNBC &#8211; A Goldman Sachs hedge fund that launched in January with over $6 billion under management lost close to $1 billion by September, according to the Financial Times. The fund, known as Goldman Sachs Investment Partners, has told investors [&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":[310,1362,2692,3545,3544,2549,331,406,83,149,1108,101,3543,236],"class_list":["post-9029","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-100-million","tag-absolute-return","tag-advisory-services","tag-aim","tag-armadale","tag-diamond-retailer","tag-downside","tag-investment-funds","tag-medallion","tag-proceeds","tag-proprietary-trading","tag-raanan-agus","tag-stock-bond","tag-trillion"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9029","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=9029"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9029\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}