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Aug

04

Goldman No Longer Confident It Can Sell Fund Stakes by Deadline

By Tony Seruga

Bank has $7 billion of private-equity, hedge fund holdings
Federal Reserve pushed back Volcker rule deadline last month

Goldman Sachs Group Inc. may struggle to profitably unload its holdings in private-equity firms and hedge funds by a July 2017 deadline set by the Federal Reserve under the 2010 Dodd-Frank Act.

The Wall Street bank, which has about $7 billion of such alternative assets, said in its first-quarter regulatory filing in May that it could “exit the majority of such interests in these funds in orderly transactions” before the July 21 deadline. The company omitted that language in its second-quarter filing on Thursday and said that it could be forced to sell such assets at a discount…

Goldman No Longer Confident It Can Sell Fund Stakes by Deadline

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