S&P 500
7,614.10
+0.16%
Dow Jones
51,186.20
+0.22%
Nasdaq 100
30,620.80
+0.43%
Russell 2000
2,925.26
+0.81%
FTSE 100
10,363.60
+0.27%
Nikkei 225
67,304.20
+0.11%
Stock Market Live June 2, 2026: S&P 500 (SPY) Slips After Testing Record Highs

Investing

Goldman Sachs (GS) Provides Hedge Fund Capital

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

Goldman Sachs (NYSE: GS) has decided it will make more money providing capital for new hedge funds than putting money into its own.

The new strategy has caused a rapidly rising set of new financings. The Wall Street Journal reports that

The New York securities firm has raised $600 million from clients such as pension funds, wealthy families and large institutions for a new fund. It plans investments in eight to 10 new hedge funds, to get them up and running, according to people familiar with the matter.

The program is not without its own risks. Several large hedge funds have lost a large portion of capital this year because of poor investments  in currencies and stocks. Others have hedged the eurozone situation and lost money as the value of the euro has swung up and down.

Small hedge funds do not have the capital of larger rivals like Bridgewater, which makes the number of investments–and the extent to which they can gamble on each one–harder. Risk, therefore, often cannot be spread

Follow 24/7 Wall St. on Google
Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

Hedge Funds Move To Cash, Undermine Potential Returns

Hedge funds, nervous about the fading magic of the markets, are moving into cash, the perfect investment for retiring school…

Douglas A. McIntyre |

Outsourcing Investment Banking To Please Congress

The Congress and the Administration seem fixated on cutting the pay of financial company executives and, perhaps, the people who…

Douglas A. McIntyre |

Hedge Fund Assets Rise to Record as Risk Appetite Returns

Hedge Fund Research (HFR) put out its quarterly report on assets. The data show that total investor capital allocated to…

SEC Seeks Comments on Mom-and-Pop Access to Hedge Funds
Paul Ausick |

SEC Seeks Comments on Mom-and-Pop Access to Hedge Funds

The SEC has issued a concept document that explores opening hedge funds and private equity funds to small retail investors.

Douglas A. McIntyre |

Ten Hedge Fund Managers Make Over $700 Million, But Who’s Counting?

If there is any sort of recession at all, the top hedge fund managers don’t know it. John Paulson and…

Lee Jackson |

Ten Strategies Hedge Funds Use to Make Huge Returns, and You Can Too

ThinkstockOne of the main reasons that the ultra rich have become so enamored with the hedge fund industry over the…

Douglas A. McIntyre |

Top Hedge Fund Managers Paid Well, as They Should Be

ThinkstockHedge fund managers are more vilified for their pay packages by the media and the public than public company CEOs…

Douglas A. McIntyre |

Interview With Steven Drobny- President, Drobny Global Advisors & Author of ‘Inside The House of Money’

By Yaser Anwar, CFA of Stock Market BeatAn in-depth discussion pertaining to; Hedge Fund Industry- Implications of M&A boom on…

Harvard Loses Money
Douglas A. McIntyre |

Harvard Loses Money

Harvard University suffered a drop in its endowment last year.

Top Gaining Stocks

Hewlett Packard Enterprise
HPE • Vol: 90,615,091
Corning
GLW • Vol: 10,683,344
Super Micro Computer
SMCI • Vol: 37,250,475
Aptiv
APTV • Vol: 2,486,359
Skyworks Solutions
SWKS • Vol: 1,769,873

Top Losing Stocks

Intuit
INTU • Vol: 3,987,293
Coterra Energy
CTRA • Vol: 73,319,495
Cboe Global Markets
CBOE • Vol: 2,537,787
Trade Desk
TTD • Vol: 11,014,444
ServiceNow
NOW • Vol: 27,382,800