NEW YORK (Reuters):

Shares of Goldman Sachs Group Inc. rose 2.2 per cent before the bell yesterday after the investment bank said it and outside investors would pour US$3 billion of new capital into its Global Equity Opportunities fund, a long-short quantitative hedge fund hurt by recent volatility.

Later, on a conference call, Goldman said it has no plans to unwind Global Alpha and North American Equity Opportunities, two funds that have suffered big losses.

The stock rose to US$184.49 in electronic trade from a close of US$180.50.