Goldman Sachs has withdrawn 90% of the $2 billion it
used to rescue one of its struggling hedge funds last summer,
according to the Financial Times.
At the end of February, Goldman reclaimed $1.8 billion of
the capital it used to bail out its Global Equity Opportunities
Fund last August. The capital had been locked in until that
Eli Broad, the U.S. billionaire who also came to the
funds aid by investing money last August alongside Perry
Capital and others, is no longer invested either, according to
the FT. The group invested $1 billion in August.
Despite several of the firms...