Goldman Said to Pull Retirement Cash From Och-Ziff Fund

Goldman Sachs is discontinuing its multi-strategy fund for employees' 401K plans, liquidating $350 million by September 1st, and moving it to a Treasury money market fund. The firm is under investigation for bribery, with a settlement potentially costing $400 million. Goldman Sachs has faced $6 billion in redemptions since last June. Daniel Off, a Goldman alumnus, is highlighted for his role in the firm's history. Employees now have alternative investment options, including Leon Cooperman's Omega and Lee Ainslie's Maverick, both of which are also under scrutiny.

What is the primary reason for Goldman Sachs discontinuing its multi-strategy fund?

• Poor performance of the fund

• Bribery investigation

• Employee dissatisfaction

• Market volatility

How much has Goldman Sachs increased its settlement reserve to?

• $300 million

• $200 million

• $400 million

• $500 million

Who is Daniel Off in relation to Goldman Sachs?

• Head of the investigation team

• Former employee and notable alumnus

• Current CEO

• A competitor

Which hedge strategy option is associated with Leon Cooperman?

• Beta

• Omega

• Alpha

• Maverick

What is the status of Leon Cooperman's firm?

• It has merged with Goldman Sachs

• It has been dissolved

• It is under investigation

• It is performing well