Edward Lampert and shareholders of Sears Holdings Corp. aren't the only ones hoping for a turnaround of the big retailer. Goldman Sachs Group Inc. and some of its clients are sweating it out, too, according to a report in the Wall St Journal.
Clients of Goldman invested about $3.5 billion in Mr. Lampert's hedge fund through a special deal more than four years ago. Goldman invested about $75 million of its own money as part of the arrangement.
At the beginning of this year, that investment was down several hundred million dollars, in large part due to a 57% plunge in Sears stock in 2011…..
Wait, wait....there's more at http://online.wsj.com/article/SB10001424052970203750404577173071474457812.html?mod=WSJ_hp_LEFTWhatsNewsCollection
No comments:
Post a Comment