Goldman’s quant funds bounce back


Nearly a year after Goldman Sachs dominated headlines for losing billions of dollars in its quantitative hedge funds, the firm’s funds are once again making headlines, this time for good reasons.

Global Alpha, Goldman’s flagship quantitative hedge fund, is up roughly 20% this year through mid June, while the firm’s Global Equities Opportunities Fund is up about 7% over the same period. The funds’ rebounds are not only good news for investors but also vindicate Goldman, which pumped $2 billion of its own capital into the Global Equities Opportunities fund when losses began threatening the fund’s survival last August.