``Goldman Sachs has reclaimed 90% of the $2bn it used to bail out one of its hedge funds last summer as it moved to shrink the fund and avoid consolidating it on its balance sheet. Goldman withdrew about $1.8bn from its Global Equity Opportunities quantitative fund in late February, its first chance under a lock-up agreement made when it invested in August. It wrote to investors last week to explain its decision. Eli Broad, the US billionaire, has also withdrawn the money he invested in August to help bail out the fund. The withdrawals come after investors abandoned GEO and two other Goldman quantitative hedge funds.''

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