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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Paul Kern who wrote (84917)	8/13/2007 8:42:20 AM
From: Paul Kern	Read Replies (1) \| Respond to of 110194

EFORE THE BELL: Goldman Up; Quant Fund To Get $3B Injection Last update: 8/13/2007 8:30:02 AM NEW YORK (Dow Jones)--Shares of Goldman Sachs Group Inc. (GS) rose 2.4% to $184.80 before the opening bell Monday after the investment bank said it and other investors will inject $3 billion into a quantitative fund that has seen its performance "suffer significantly." As a result, the company said it has cut risk and leverage for the Global Equity Opportunities fund, as well as its Global Alpha internal hedge fund and North American Equities Opportunities Fund, another quantitative fund. Global Equity Opportunities, which has both long and short positions, is getting the funds from Goldman, C.V. Starr & Co., Perry Capital LLC and Eli Broad. Goldman said the fund, which had a nearly $3.6 billion net asset value before equity investment, was hit by "significant market dislocation" that has impacted many funds using quantitative strategies.