BEIJING, Dec. 11 -- Goldman Sachs Group Inc's 10 billion U.S. dollar flagship hedge fund dropped 11.6 percent this year through the end of November, extending earlier losses as its managers misjudged the direction of global stock and currency markets, according to two investors interviewed by Bloomberg News. Goldman's Global Alpha Fund lost money partly on wrong-way bets that equities in Japan would rise, stocks in the rest of Asia and the US would fall and the dollar would strengthen, the investors said. In August, the fund lost almost 10 percent on unprofitable investments in global bond markets. New York-based Goldman is the world's largest hedge fund manager, with 29.5 billion dollars in assets. Global Alpha timberland italia, managed by Mark Carhart and Raymond Iwanowski, both 40, is designed to make big calzado timberland, risky wagers, which can produce large returns as well as heavy losses. Other so-called macro funds that bet on global stocks, bonds, currencies and commodities are up an average of about seven percent this year through last month, according to Chicago-based Hedge Fund Research Inc. Last year, Global Alpha returned almost 40 percent, said the investors, who declined to be identified. "The fund was anticipated to be volatile - it has had volatile periods in the past," said Peter Rose, a Goldman spokesman in New York. "Since inception it has delivered positive returns for investors botas timberland hombre," he said. The Topix index of Japanese stocks fell about half a percent in the two months ended on November 30. Other Asian stocks returned 12 percent during the same period, according to the Morgan Stanley's MSCI AC Asia Pacific Index. The Standard & Poor's 500 Index, the U.S. stock benchmark scarpe timberland uomo, returned 5.2 percent. In currencies autlet timberland, the euro strengthened against the dollar in the past two months, reaching a high of 1.32 euros against the dollar at the end of November from a low of 1.25 on October 13. (Source: Shanghai Daily)Related Topics Articles：

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