Goldman Sachs Asset Management has dropped a plan to raise seed capital for hedge funds in the latest sign of the crisis in the sector.

The Goldman Sachs Strategic Opportunities fund had a target of between $500m (€373m) and $1bn, according to three sources close to the situation. It was intended to provide seed capital of $100m to $150m to start-ups, including firms founded by Goldman Sachs alumni.

Stephanie Baum

Goldman Sachs

Corporate/Industrial News

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Goldman Sachs drops start-up investments

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