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Goldman Sachs said on Monday it had injected more than $1.8 billion into two of its own money-market funds last week, updating a previously disclosed figure of about $1 billion. The transactions were spread over two days last week to keep the funds’ weekly liquidity levels above the US regulatory threshold of 30 percent. Goldman …
Goldman Sachs said on Monday it had injected more than $1.8 billion into two of its own money-market funds last week, updating a previously disclosed figure of about $1 billion.
The transactions were spread over two days last week to keep the funds’ weekly liquidity levels above the US regulatory threshold of 30 percent.
Goldman Sachs Bank bought $1.45 billion in assets from the GS Financial Square Money Market Fund and $391 million from the Financial Square Prime Obligations Fund.
The funds received market value for the assets, which allowed them to boost their liquidity levels amid several billion dollars in net withdrawals by investors.
