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Goldman having a harder time than anticipated selling alternative assets

Goldman Sachs says it may have to sell its alternative assets at a discount, Bloomberg reported. The firm previously stated in regulatory filings that it could profitably exit its hedge fund and private-equity investments by a July 2017 deadline. The Dodd-Frank Act’s Volcker rule caps such investments at three percent of a bank’s bank’s Tier 1 capital, or $2.4 billion in Goldman’s case.