Saturday, 20 September 2014
Last updated 12 hours 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.