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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

Washington

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...

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