Goldman Gurus Strike It Rich With Hedge Fund

WSJ.com - Goldman Gurus Strike It Rich With Hedge Fund:

"Known as Global Alpha, the Goldman hedge fund was a leading contributor to a surge in 'incentive fees,' or performance-related fees, that Goldman reported for the first quarter ended in February. In that period, the incentive fees soared to $739 million from $131 million a year earlier, helping Goldman's earnings rise 64% to $2.48 billion, the biggest first-quarter gain of any major Wall Street firm.

Global Alpha's recent returns have been sizzling. In the 12-month period ended in March, the fund returned more than 48% before some fees, according to Goldman Sachs JBWere, an Australian affiliate of Goldman. It was closed to new investors last year. (On Wall Street, the word alpha refers to investment returns beyond those generated by the market.)"

What is going in Hedge funds. Great returns amid the mixed economy.

Shares are performing in a mixed way. Typically mixed earning of giants like Ebay, Intel, Apple and record prices for Gasoline.

Tough job and well done I am eagerly looking for next quarter results of the Goldman. (Typically their hedge fund contributions)