According to a report in the Financial Times, Goldman Sachsâ?? asset management unit is said to have wound down its Global Equity Opportunities (GEO) Fund at the end of December.

The move came after redemptions and poor performance over the past 24 months saw the vehicle contract to merely $200m in size. At its peak, GEO managed more than $7bn, but became one of the first blow-ups and bail-outs of the financial crisis when it lost close to $1.5bn in the first two weeks of August 2007.