Goldman Sachs’s Global Alpha Fund
Zamansky LLC is investigating the Goldman Sachs Global Alpha Fund, which recently advised clients that it was closing, reportedly due to large losses suffered in August 2011. Goldman Sachs’s Global Alpha Fund was once the firm’s largest hedge fund with $1 billion in assets in 2007. According to the Wall Street Journal, the fund suffered a 12% loss this year, delivering a far worse performance than other similar hedge funds. Typically, hedge funds like the Global Alpha Fund use computer trading programs to trade quickly and move quickly in and out of stocks, bonds, currencies and other assets. In this way they normally avoid steep losses by quickly exiting losing positions. Often, hedge funds like the Global Alpha Fund use significant leverage, and there are substantial risks of loss from investing in such funds.
If you were an investor in the Global Alpha Fund and would like an evaluation of your losses and whether this investment was suitable and appropriate for you, or the risks were too high for you and were not properly disclosed, please contact Jake Zamansky at 212 742-1414, firstname.lastname@example.org.