Goldman Sachs raises $4.5bn for new hedge funds

Goldman Sachs has raised $4.5bn (€3.1bn) for two new hedge funds and plans to launch a third despite registering losses on its quantitative funds in August.

The bank said it has raised $2.7bn for a credit hedge fund called Liberty Harbor and $1.8bn for GS Liquidity Partners, which will make investments in distressed credit, according to Bloomberg.

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