Signalling the end of an era , Goldman Sachs has quietly pulled the plug on its loss - making hedge fund , after losing 40 % in five years , by merging it with a broader emerging market fund , according to a 2011 Securities and Exchange Commission filing ; the company 's reason was that it did not anticipate " asset growth in the foreseeable future " .
Signalling the end of an era, Goldman Sachs has quietly pulled the plug on its loss-making BRIC fund, after losing 21% in five years, by merging it with a broader emerging market fund, according to a US Securities and Exchange Commission filing; the bank's reason was that it did not anticipate "asset growth in the foreseeable future".