See What People Are Saying About... Goldman's Future


A Goldman Sachs hedge fund that launched in January with over $6 billion under management lost close to $1 billion by September, according to the Financial Times.

The fund, known as Goldman Sachs Investment Partners, has told investors it lost $989 million by September, the newspaper said.

Most of the fund's losses stemmed from investments in commodities, basic materials, metals, mining, energy and agriculture.

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And just one day earlier, Merrill Lynch analyst Guy Moszkowski said Goldman Sachs will likely post a fourth-quarter loss, its first ever as a public company, due to the "stressed" equity environment.

"We still think GS remains in many ways at the forefront of the capital markets industry, but if it can't consistently produce a premium return on equity (ROE), it's not going to be able to continue to have the premium valuation multiple that it has enjoyed," he wrote in a note to clients.

On Fast Money the traders comments on Goldman ranged from bearish to bullish. Jeff Macke said, "They’ve got problems. I’d stay away from them."

Guy Adami (who's a former Goldman guy) was much more positive. "Just as they figured how to make money in the 90’s, Goldman is now trying to figure out how to make money in this environment. And I believe they will figure it out," he said.

And that leads to our Fast Money Reader Poll. Long term are you bullish or bearish on Goldman Sachs?

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