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Day-to-day administration of the fund will be handled by The Miami Foundation.
Mr. Perales says the fund will be back in court.
Eventually the fund will be open to a larger group of Goldman employees.
The fund will be administered by Hudson United Bank in Franklin Lakes.
Indeed, by April, the fund will be $59 million in the red.
No details on how or when the fund will be disbursed have been made public.
Similar(5)
The funds will be allocated three ways.
It was also unclear how the funds will be invested.
Another question is how the funds will be disbursed.
The funds will be used to pay down debt.
The funds will be channelled through the government and the custodian will be the World Bank.
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