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Goldman Corrects Romney's Holdings Information

The investment bank's media department says that it gave incorrect information to a reporter from <I>TheStreet.com</I>.
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Wall Street investment bank

Goldman Sachs

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incorrectly said Republican presidential candidate Mitt Romney was an investor in its troubled multibillion-dollar Global Equity Opportunities hedge fund.

"I misspoke, and I apologize for that," said Goldman media relations director Peter Rose, who blamed the mistake on confusion at the brokerage duringthis week's financial turmoil.

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Goldman had to arrange a $3 billion cash injection into the Global EquityOpportunities fund after it ran into trouble in the subprime mortgage meltdown.

Romney, whose personal assets approach $250 million, has invested a seven-figure sum in a completely separate Goldman bond fund called GlobalOpportunities, Rose added.

TheStreet.com

initially reported Wednesday, after speaking to Goldman, that Romney had invested more than $1 million in the Global Equity Opportunities fund.

"Mitt Romney is not now and has never been an investor in Global Equity Opportunities, and we apologize," Goldman spokeswoman Andrea Raphael said.