Goldman Sachs To Wind Down Hedge Funds To Comply With Volcker Rule

Mani

Published onNovember 13, 2013

Updated on May 13, 2021

Goldman Sachs Group Inc (NYSE:GS)’ CEO Lloyd Blankfein announced today that the firm would begin winding down hedge funds to comply with the Volcker Rule.

Lloyd Blankfein indicated the firm would begin winding down hedge funds and garnering private equity to comply with financial reforms created to restrain activities deemed riskier.

Goldman Sachs to comply with Volcker Rule

Blankfein announced at a Bank of America Corp (NYSE:BAC) conference that the bank’s move to begin...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Goldman Sachs To Wind Down Hedge Funds To Comply With Volcker Rule

Goldman Sachs to comply with Volcker Rule

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