Have you suffered investment losses in Goldman Sachs’ Global Alpha Fund? If so, The White Law Group may be able to help.
It was recently announced that after years of plunging returns Goldman Sachs will be closing the Global Alpha Fund.
The funds reputation was built in the late 1990’s when it had several years of massive returns. Its Quantitative methodology using computer modeling was groundbreaking at that time in the hedge fund industry. However, by 2007 the fund experienced its first major problems, according to Canadian Business, “returns stopped in 2007 when Global Alpha plunged 40%.” The fund has attempted to navigate the years since then with some success, but this year losses of roughly 12% through August meant the end of the Global Alpha fund.
In mid-September investors received a letter from Goldman Sachs which stated, “We would like to notify you that we have determined to close Goldman Sachs Global Alpha Fund.” While the fund closing is not a total loss for investors, the closing of the fund may cause a significant loss for many investors.
If you have invested in the Global Alpha Fund and have questions about its closing or your potential for recovering your losses, please call our Chicago office at 312-238-9650 to speak to a securities attorney.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.