Monday, August 13, 2007
After all the madness of last week, there are still rumblings. Could these guys be the next Bear Sterns? The question is, will: a) the market recover and the squall blow over; or b) head downhill from here; or c) dash for a peak and then crash. A group of investors led by Goldman Sachs said on Monday it plans to inject $3bn into the investment bank’s Global Equity Opportunities fund after it suffered heavy losses in last week’s global market turmoil. The move comes amid widespread speculation about broader losses in Goldman’s asset management business, which operates some of the world’s largest hedge funds.