TAG | Goldman sachs Group Inc
Comments off · Posted by Securities Lawyer in FINRA
Soreide Law Group, PLLC, has announced it’s investigation into the Goldman Sachs Global Alpha Fund which was recently closed. According a New York Times article, Global Alpha was started in 1995 with just $10 million. Over time the results soared. At its peak in 2007, Global Alpha ran about $12 billion, although that number had dwindled to about $1 billion in the wake of a number of wrong bets. The fund was down about 12 percent in 2011. They then advised clients that the fund was closing. Goldman Sachs’s Global Alpha Fund was once the firm’s largest hedge fund. The Wall Street Journal said Global Alpha Fund had a far worse performance than other similar hedge funds. Hedge funds such as Global Alpha Fund, often use computer trading programs to trade quickly and move in and out of stocks, bonds, currencies and other assets, avoiding steep losses by quickly exiting losing positions. These hedge funds often use significant leverage, increasing substantial risks of loss from investing in such funds.
Securities Attorney, Lars Soreide, of Soreide Law, PLLC, has represented clients nationwide. If you or a family member experienced losses in Goldman Sach’s Global Alpha Fund, call a Securities Arbitration Lawyer for a free consultation on how to potentially recover your losses. To speak with an attorney, call 888-760-6552, or visit www.securitieslawyer.com.
Soreide Law Group, PLLC., representing investors nationwide before FINRA the Financial Industry Regulatory Authority.
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