Goldman not unwinding Global Alpha fund
By Greg Morcroft
Last Update: 9:20 AM ET Aug 13, 2007
NEW YORK (MarketWatch) -- Goldman Sachs (GS) CFO David Viniar said Monday that it is not unwinding its Global Alpha and North American Equity Opportunities Fund, but both, along with its Global Equity Opportunities fund have all had steep losses. Viniar said Global Alpha has lost 27% of its value for the year-to-date, with half of those losses coming last week. Viniar also said the firm is actively delevering the funds, or reducing the debt they use to make market bets. He said the delvering of the funds was about 75% to 100% completed.