Few hedge funds are willing to bet against the Teflon firm, but not many are going long, either.
By Leah McGrath Goodman
What’s the best way to play Goldman Sachs, the once-mighty but now-besieged investment bank? With the Securities and Exchange Commission charging the firm with securities fraud, the U.S. Attorney’s office investigating fraud allegations and Congress poised to finalize sweeping financial reforms, is it time to short, or at least sell Goldman shares? It’s tough for hedge funds to believe that Goldman won’t somehow come out on top, but even so, some are backing away from the firm.
Kent Holden, portfolio manager at Holden Asset Management, his eponymous long-short hedge fund in