Investors Pull Money From Eddie Lampert’s Hedge Fund

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Sears Holdings One World

Edwards S. Lampert is facing an exodus of money from his hedge fund in which clients of Goldman Sachs Group Inc (NYSE:GS) invested through 2007. Goldman Sachs clients who invested $3.5 billion in Eddie Lampert’s hedge fund back in 2007 have asked to redeem their money. Redemption pressure According to Miles Weiss of Bloomberg, the investors who are departing Lampert’s fund originally made their commitment in 2007 and early 2008, when Goldman Sachs Group Inc (NYSE:GS) raised $3.4 billion in new capital for ESL Partners. Citing known sources, Miles Weiss reports Lampert’s firm began returning the money last year and…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports