(Bloomberg) — Goldman Sachs Group Inc. pumped more than $1 billion into two of its prime money-market portfolios as investors pulled funds during one of Wall Street’s most volatile weeks.The bank bought $722.4 million in assets from its Goldman Sachs Financial Square Money Market Fund last week and another $301.2 million from its Goldman Sachs Financial Square Prime Obligations Fund, according to two filings with the Securities and Exchange Commission late Friday. Combined net withdrawals exceeded $8 billion.The purchases increased the funds’ weekly liquid assets to 42% from 34% for the first product, and to 49% from 44% for the …read more
Source:: Yahoo Finance
