Exchange traded funds continue to gather assets despite a difficult market environment that has sent some high-profile hedge fund managers reeling.

Some investors fed up with high-fee funds are moving into ETFs, while others like their transparency and real-time disclosure of portfolio holdings.

Goldman Sachs (NYSE: GS) is closing its largest hedge fund by the end of October after lackluster performance.

Goldman Sachs’ Global Alpha fund, which once held $12 billion in assets but now manages around $1.6 billion, was a well-known hedge fund that utilized quantitative trading strategies, report Lauren Tara LaCapra and Svea Herbst-Bayliss for Reuters. The hedge fund plummeted 13% earlier this month.

The heavy loses in Goldman Sachs’ flagship quantitative strategy has raised questions about the performance of other hedge funds the company manages that implement the strategy.

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