A second hedge fund managed by Goldman Sachs Group Inc. is suffering from losses and is selling down some of its positions, The Wall Street Journal reported on Thursday.
Through July 27, the North American Equity Opportunities hedge fund was down more than 15 percent this year, including losses of more than 11 percent in July, the newspaper reported, citing investors. The fund had $767 million under management earlier this year, the Journal said.
A source told Reuters earlier on Thursday that another fund, the Global Alpha fund, was down about 16 percent for the year.
Traders in Europe said earlier this week that Global Alpha had been selling positions. On Tuesday Goldman denied rumors that it was liquidating the fund, and on Thursday it said it was business as usual at Global Alpha. The fund had $9 billion under management as of a few days ago.