A $3.2 billion Goldman Sachs fund that invests in the best ideas from the fixed-income team dropped 5.6% in October, Bloomberg reports.

The firm reportedly bet on higher yields in a trade that has bee a disastrous trade throughout the year. Mitt Romney is reportedly one of the investors in the fund.

October was a tough month for just about any strategy but it’s always nice to kick a bit of sand in Goldman’s face.