Prohedge’s Nigel Someck reports: ,Goldman Sachs have largely
bucked the trend of a mad scramble to comply with the Volcker rule as the bank
continues to push ahead with private equity, real-estate and Chinese
proprietary investment activity.
It is true that much of Goldman’s proprietary hedge fund
businesses “spun-out” of the Wall Street firm over the past 3 years to form
independent fund management companies. However, Goldman still pushes ahead with
a number of proprietary trading activities that would be in direct breach of
Volcker if it were to be enforced…..
No comments:
Post a Comment