This content is from: Premium

Goldman takes GEO fund off life support (Magazine Version)

Less than three years after engineering a $3 billion emergency bailout of its Goldman Sachs Global Equity Opportunities Fund, Goldman Sachs Asset Management has shut it down.

Once a $7 billion fund, the quantitative equity vehicle had declined to around $200 million under management since its performance fell 30% during the massive quant meltdown of 2007. After starting 2008 on the rebound, it fell another 10% in 2009.Goldman shut down a related fund, Goldman Sachs North American

To continue reading, subscribe now to Premium Journalism. Already a subscriber? Login.

Related Content