Exclusive: Goldman props own money-market funds with $1 billion after heavy withdrawals

) had to prop up two of its prime money-market portfolios this past week with more than $1 billion in capital due to heavy investor withdrawals, according to a disclosure filing with the U.S. securities regulator.

Its support came as markets had another violently volatile week over concerns about the coronavirus pandemic, and represents an extraordinary move in the staid money-market fund industry. Industrywide, investors pulled tens of billions of dollars from prime money-market funds, which buy top-rated corporate debt and are seen as relatively risky compared to portfolios that heavily feature U.S. government debt obligations.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Fed's Rosengren says liquidity tool meant to prevent run on prime money market fundsBoston Federal Reserve Bank President Eric Rosengren said there is little the U....
Fonte: Reuters - 🏆 2. / 97 Consulte Mais informação »

Sonder has a new location in Moinian building amid coronavirus crisis - Business InsiderSonder, last valued at north of $1 billion, is planning to open its largest Manhattan location yet with developer and landlord The Moinian Group.
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »