Goldman fund lost nearly $1bn in 10 months (Fund News)
Goldman Sachs Investment Partners (GSIP) has lost close to $1bn since its launch in January. GSIP was hailed in January as one of the biggest hedge fund launches, raising more than $6bn, has told investors that it had lost $989m by September.
Kohlberg Kravis Roberts on Monday delayed its New York initial public offering, originally planned for this year, as the US private equity group blamed financial market turmoil for another big investment loss at its Amsterdam-listed fund.