Goldman Winds Down Its Global Equity Opportunities Fund

Goldman Sachs (GS) has finally decided to wind down its once $7 billion player Global Equity Opportunities Fund [G.E.O], according to The Financial Times.

The move highlights growing pressure on banks to curb in-house trading activities and a broader clampdown on risk taking.

At its peak, G.E.O managed more than $7 billion but became one of the first victims of the financial crisis when it lost nearly $1.5 billion in summer of 2007.

Goldman’s once flagship of its in-house hedge funds was reduced to a mere $200 million by the end of last year as a result of client redemptions and lucklustre performance in 2008 and 2009. At one point G.E.O saw its investments fall by 30% over a two-week period.

Create Content With AI

Risk Our Money Not Yours | Get 50% Off Any Account

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.