Goldman close to $7 billion SIV restructure
Tuesday, June 17, 2008 : PermalinkReuters- Goldman Sachs is about to bail out a $7 billion (3.6 billion pound) structured investment vehicle formerly run by Cheyne Capital, a source familiar with the matter said, boosting hopes that markets for troubled mortgage assets are easing.
"I can say the FT report is correct," the source told Reuters, referring to the Tuesday edition of the Financial Times.
Both Goldman Sachs and Deloitte & Touche — who are acting as receivers of the structured investment vehicle — declined to comment.
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