Saturday, 27 August 2016
Last updated 14 hours ago
Feb 5 2009 | 12:31am ET
There will be no fun in the sun at a Goldman Sachs hedge fund client conference this year.
The Wall Street giant—which earlier this year became a bank holding company and took $10 billion in federal bailout funds—has postponed the conference, originally set for Miami next month, and moved it to New York. The move comes in response the “the current environment,” a Goldman spokesman said, and not as a cost-cutting measure, per se: Clients planning to attend the March 2-4 confab at the Fairmont Turnberry Isle Resort & Club in Aventura, Fla., pay for their own travel and hotel rooms.
Goldman said a new date for the conference will be announced within the next few months.