GMAC, General Motors' financing arm, on Wednesday said there was substantial doubt as to whether Residential Capital, its mortgage finance unit, would survive without outside support.
Goldman fund lost nearly $1bn in 10 months (Fund News)
Goldman Sachs Investment Partners (GSIP) has lost close to $1bn since its launch in January. GSIP was hailed in January as one of the biggest hedge fund launches, raising more than $6bn, has told investors that it had lost $989m by September.