Investors Pull Money From Eddie Lampert’s Hedge Fund

Edwards S. Lampert is facing an exodus of money from his hedge fund in which clients of Goldman Sachs Group Inc (NYSE:GS) invested through 2007. Goldman Sachs clients who invested $3.5 billion in Eddie Lampert’s hedge fund back in 2007 have asked to redeem their money. Redemption pressure According to Miles Weiss of Bloomberg, the investors who are departing Lampert’s fund originally made their commitment in 2007 and early 2008, when Goldman Sachs Group Inc (NYSE:GS) raised $3.4 billion in new capital for ESL Partners. Citing known sources, Miles Weiss reports Lampert’s firm began returning the money last year and…