Goldman Sachs Invests Over $1.8 Billion Into Two Money-Market Funds

By Annie Baker ● March 24, 2020
  • Goldman Sachs announced it invested over $1.8 billion into two money-market funds last week

Goldman Sachs Group announced it invested over $1.8 billion into two money-market funds last week, according to Reuters. These transactions were spread over two days last week in order to increase the company’s weekly liquidity levels.

The liquidity in the funds had dropped, but it remained above the U.S. regulatory threshold of 30% of assets. Goldman Sachs Bank purchased $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 had received market value for the assets. And this allowed them to boost liquidity levels despite several billion dollars in net withdrawals by investors.

Prior to selling assets, the weekly liquid assets of the funds were 34% for the GS Financial Square Money Market Fund and 44% for the Financial Square Prime Obligations Fund.