Bloomberg – Goldman Sachs Group Inc. proprietary traders who created a hedge fund within the firm in 2007 have generated a return of about 3 percent this year, beating the industry average, people briefed on the gain said.
Goldman Sachs Investment Partners, composed of former employees of the principal-strategies team led by Raanan Agus and Kenneth Eberts, manages more than $7 billion. The fund gained about 26 percent last year after losing more than 18 percent in 2008, the people said. Andrea Raphael, a spokeswoman for New York-based Goldman Sachs, declined to comment.
