B&C-Pressured Goldman Fund Gets $3B Infusion

A number of investors, including builder KB Home's founder Eli Broad, have put a total $3 billion cash infusion into a closely watched Goldman Sachs "quantitative strategy fund" that has been pressured by the credit crunch sparked by subprime mortgage woes."Many funds employing quantitative strategies are currently under pressure," Goldman said, noting that -- in addition to the Global Equity Opportunities Fund that received the multibillion-dollar investment -- it has a couple of other funds in this category that have suffered. In addition to Mr. Broad, others who have invested in GEO include C.V. Starr & Co. Inc., a global investment firm with ties to AIG, and Perry Capital LLC, a private investment management firm founded by former Goldman equity trading executive Richard C. Perry.