{"id":5666,"date":"2007-02-12T00:00:00","date_gmt":"2007-02-12T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"public-hedge-fund-firm-seeks-longevity","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/02\/2007\/public-hedge-fund-firm-seeks-longevity.html","title":{"rendered":"Public hedge fund firm seeks longevity"},"content":{"rendered":"<p>  Los Angeles Times &#8211; When Goldman Sachs Group Inc. went public in May 1999, some on Wall Street figured it was a signal to bail out of brokerage stocks.<\/p>\n<p>  If Goldman was letting the public into its business after 130 years as a highly profitable \u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u20ac\u009d and secretive \u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u20ac\u009d private partnership, the insiders must have known that was as good as it would get.<\/p>\n<p>  Hardly. Goldman earned an astounding $9.5 billion last year, a 252% increase from its profit of $2.7 billion in 1999.<\/p>\n<p>  As for the stock, the $53-a-share price in the initial offering now looks like a giveaway. Goldman stock closed at $213.28 on Friday, up 300% from the offering price. The Standard &amp; Poor&#8217;s 500  stock index is up all of 6% in the same period.<\/p>\n<p>  <a href=\"http:\/\/www.latimes.com\/business\/la-fi-petruno11feb11,0,2190322.column?coll=la-home-business\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Los Angeles Times &#8211; When Goldman Sachs Group Inc. went public in May 1999, some on Wall Street figured it was a signal to bail out of brokerage stocks. If Goldman was letting the public into its business after 130 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5666","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5666"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5666\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}