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Goldman Sachs to Cut Down on Hedge Fund Investments

Nov 12, 2013
Jing Chen

Banking giant Goldman Sachs is winding down its investments in hedge funds and private equity to comply with financial reforms designed to protect investors of riskier investments.

CNBC reported that Goldman CEO Lloyd Blankfein said in a Bank of American conference Tuesday that investment banking will remain the company’s main focus, and that it will cut down its alternative investments due to guidelines under the Volcker Rule, which restricts banks from making speculative investments.

Goldman is one of just a handful of investment banks that have scaled back on its proprietary trading in as part of the Volcker Rule.

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