Exchange-traded funds’ (ETFs) assets will continue to increase because of the poor performance of some high-profile hedge funds (HFs), ETF Trends reports. The heavy losses in Goldman Sachs Group’s Global Alpha fund have raised concerns about the performance of other hedge funds managed by the firm. The Goldman fund, which once held $12 billion in assets, now manages nearly $1.6 billion. The fund dropped 13 percent earlier in September. Goldman will close its Alpha fund by the end of October. Global Hedge Fund Advisors’ president and CEO Andrew Schneider said some large hedge funds’ assets fell because of the volatile market movements during the first half of September and after the sell-off in equities and fluctuations in the currency markets in August.

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