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 happening to the multi-strategy fund for Goldman Sachs employees?

What amount is Goldman Sachs putting on standby for the settlement related to the investigation?

What has been the performance of the separately managed account for Goldman Sachs employees this year?

Who is Daniel Off and what is his connection to Goldman Sachs?

What options do employees have for hedge strategies after the discontinuation of the multi-strategy fund?