Goldman Sachs Group Inc.’s principal-strategies business, a unit that makes bets with the firm’s own capital, plans to transform into a fund and raise outside money, a person with direct knowledge of the decision said. Goldman Sachs may announce as soon as tomorrow plans to discontinue the business, which is part of the New York-based bank’s equities unit, the person said, declining to be named because the decision hasn’t been made public. The team, which aims to complete the process by the end of the year, hasn’t set a target for the amount it wants to raise, the person said.
Goldman Sachs said to shift principal strategies into a fund
Most Popular Articles
Latest Articles
The best real estate podcasts for agents and brokers in 2024
The best real estate podcasts to motivate, inspire, entertain and enlighten you this year.
-
Home sellers saw their profits shrink in the first quarter: Attom
-
If reelected, Trump could seek greater control over Federal Reserve
-
Acra CEO Keith Lind on staying the course amid choppy waters in non-QM
-
HUD walks back some proposed changes to HECM for Purchase program
-
Retirement confidence hasn’t fully recovered, but survey shows hope for future prospects