Morgan Stanley (MS) is planning to reduce its stake in the FrontPoint Partners hedge fund it bought four years ago, the Wall Street Journal reported. The move comes as rival Goldman Sachs (GS) considers spinning off, winding down or moving its proprietary trading desks, the paper said. The Volcker rule, named after former Fed chief Paul Volcker (right), limits the amount of money federally insured banks can invest in riskier structures such as hedge funds and private equity investments and in trading with their own funds.
Morgan Stanley bows to Volcker
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