Goldman Sachs invests in startup hedge funds

11/30/2011 | Wall Street Journal, The

Goldman Sachs reportedly has raised $600 million to invest in eight to 10 new hedge funds. The investments could generate new fees and trading business for the firm, while the association with Goldman Sachs could help the new funds raise cash. Several Wall Street firms moved away from in-house hedge funds following losses during the financial crisis. The practice of using firm capital to seed new hedge funds marks a shift for Wall Street.

View Full Article in:

Wall Street Journal, The

Published in Brief: