Goldman’s “Don’t Pay a Quant a Cent” Event

Interesting seeing what it took for Goldman to rope investors into rescuing investing in its struggling Global Equity Opportunities Fund. Three billion went into the fund, including two-billion from Goldman itself.

But the terms on the other billion are these: No 2% management fee, and no incentive fee until the fund is up 10%.

Remarkable stuff.

[via Bloomberg]

Related posts:

1. Putting Hedge Fund Income in Context
2. Highlights from Goldman Sachs’ Conf Call Today
3. The Hedge Fund Bubble
4. Another Endowment Manager Bites the Dust
5. Predators, Prey, and the Fat-Tail Problem in Quant