Reuters reports that Goldman Sachs has slashed its capital pledges to investment
funds by nearly half since the Volcker rule was signed into law in 2010, as it
prepares its principal investment business for restrictions on investing its
own money, according to regulatory filings.
The Wall Street bank has reduced future commitments to hedge
funds and funds that invest in private equity, credit and real estate, by $5.8
billion since June 2010, the last period before the Volcker rule was included
in the Dodd-Frank financial reform act. That represents a reduction of 48
percent, according to data in filings with the U.S. Securities and Exchange
Commission….
Wait, wait…there’s more at http://www.reuters.com/article/2013/05/09/us-goldman-funds-idUSBRE9480V120130509
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