Goldman purchased $722.4 million in assets from its GS Financial Square Money Market Fund and $301.2 million from its GS Fund Square Prime Obligations Fund, the bank disclosed on Friday in a U.S. Securities and Exchange Commission filing. Investors had withdrawn a net $8.1 billion from the two funds, putting downward pressure on their liquidity levels, the funds’ disclosed on their websites. Goldman bought securities from the funds at market value as a proactive move and not from any stressed position, Patrick Scanlan, a Goldman spokesman, said on Saturday. …read more
Source:: Yahoo Finance
