End of an era as Goldman's BRIC fund folds after years of losses
Strategy of bundling disparate countries into a single theme has also lost its appeal
Tue, Nov 10, 2015 - 5:50 AM
THE BRIC era is coming to an end at Goldman Sachs Group.
The bank's asset-management unit folded its money-losing BRIC fund, which invests in Brazil, Russia, India and China, and merged it last month with a broader emerging-market fund. Goldman Sachs pulled the plug on...