Goldman's Global Equity Fund Gets $3 Billion in New Capital

Discussion in 'Wall St. News' started by ASusilovic, Aug 13, 2007.

  1. Goldman Sachs Group Inc. and investors including C.V. Starr and Perry Capital LLC will invest $3 billion in the firm's Global Equity Opportunities Fund after it fell 28 percent in August.

    ``We believe the current values that the market is assigning to the assets underlying various funds represent a discount that is not supported by the fundamentals,'' New York-based Goldman said today in a statement. `` The investment will also provide the fund with more flexibility to take advantage of the opportunities we believe exist in current market conditions.''

    The fund's assets declined to $3.6 billion from more than $5 billion in assets in July.

    Liquidity crisis ? What liquidity crisis ??? Ha, ha, ha....:D :D :D
  2. bidask


    how does the cash injection work exactly? the original investors of the fund get their money back, and the new investors get a percentage of future fees? seems like the fund is just getting more investors, in which case it's not really a "cash injection" like the cash is going on the balance sheet or something.
  3. good money after bad - probably reducing leverage in the fund aka margin call.
  4. Dogfish


    Goldman's Viniar says their Geo fund had a drop in the "low 30 percents" this year and their aplha fund - down 27% YTD "mostly in last week"