Goldman Sachs today moved to allay mounting fears over the difficulties facing hedge funds that use computer-based models, by explaining why it was injecting $3bn (€2.2bn) into one of its own such vehicles in a conference call with investors at 9:00 ET.

Financial News has below reproduced part of a statement from Goldman to investors. Access to the webcast of the conference call is also provided via the link at the bottom of this page.