Monday, 30 November 2015
Last updated 2 days ago
Aug 6 2014 | 4:11pm ET
Goldman Sachs has begun to pull its money from its main internal hedge fund as it moves to come into compliance with new U.S. regulations limiting banks’ exposure to the asset class.
The bank invested $2 billion into Goldman Sachs Investment Partners when the unit debuted in 2008. Goldman is now redeeming the investment, limited to just 3% of its assets invested in alternative investment funds, and barred from accounting for more than 3% of any one fund’s assets.
Goldman has redeemed $2.3 billion from hedge funds over the two years to March, much of it from GSIP, The Wall Street Journal reports. It is unclear exactly how much Goldman has pulled from the internal fund, but it remains an investor.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…