Receivers finalize deal with Goldman over $7 billion fund

LONDON (MarketWatch) — The receivers of the $7 billion structured investment vehicle previously run by Cheyne Capital confirmed Tuesday that they’ve agreed a restructuring deal for the fund with Goldman Sachs . Under the terms of the deal certain market participants will be invited to bid for a portion of its assets, while a new fund created by Goldman will buy the remaining securities. The original investors in the fund will be given options including reinvesting in the new Goldman vehicle.
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