The investment bank withdrew $1.8 billion from its Global Equity Opportunities (GEO) fund in a bid to avoid consolidating the fund on its balance sheet.
The withdrawal took place at the end of February, which was the first opportunity Goldman could do so under a lock-up agreement made when it invested in August.
US billionaire Eli Broad also withdrew the money he invested in August to help ease the tension on the ailing fund.
The withdrawals come after investors abandoned GEO and two other Goldman quantitative hedge funds, one of which - North American Equities Opportunities - was closed earlier this year.
GEO plunged from more than $5 billion of net assets at the start of August last year to just $1.2 billion, owning to a combination of poor performance and withdrawals.