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Goldman unwinds investments in hedge funds
 
  Hedgeweb - FRI, MAR 09 2012
Funds & Investment Goldman Sachs began unwinding its investments in hedge funds in March to comply with the Volcker Rule??s ban on banks holding more than 3 per cent of the assets of any single fund.

The process will take more than two years. It will redeem up to 10% of its stakes in certain hedge funds each quarter over ten consecutive quarters, starting in March 2012 and ending in June 2014.

 
 
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