Goldman Sachs Shutters BRIC Fund After Huge LossMani
For those brave enough this could be another contrarian signal....
Goldman Sachs finally gave up and folded its long-in-decline BRIC fund by merging the dedicated in-house fund into an all-purpose emerging markets vehicle.
The bank’s asset management unit pulled the plug on the nine-year-old product as it doesn’t anticipate “significant asset growth in the foreseeable future”.
Goldman Sachs' BRIC fund loses 26% in five years
Former Goldman Sachs chief economic Jim O’Neill coined the . . .
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