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Monday, September 16, 2002

Five Sector Funds Closing

by: Sean Hanna, Editor in Chief

Goldman Sachs is pulling the plug on a quintet of sector funds. The decision was revealed in a filing with the Securities and Exchange Commission at the end of last week.

The five funds hold just $17.6 million in assets, according to the filing and will be liquidated at the end of October. The funds are managed by a team in London and off-shore versions of all five funds will remain open.

The funds are: Global Consumer Growth Fund, Global Financial Services, Global Health Sciences, Global Infrastructure and Resources, and Global Technology.

Goldman will keep running its two additional sector funds -- Internet Tollkeeper Fund and the Real Estate Securities Fund.  

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