Goldman Sachs Group is closing the Global Alpha Fund by the end of October, The Wall Street Journal reports. The decision came after several investors redeemed their money held by the fund.
With approximately $1 billion in assets under management, the portfolio suffered losses of about 12 percent so far this year. The hedge fund, which used computer-driven models to invest, was launched in 1997 by Goldman and was initially led by Cliff Asness.
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