BusinessInsider writes; the world of hedge funds is changing. There are more managers out there, it costs more money to start a fund, and because of the Volker Rule, banks are now limited in the amount of money they can invest or trade in hedge funds.
But Goldman Sachs is still going to make it work, says the Wall Street Journal, by starting its own fund of funds.
The bank has already raised about $600 million from clients to start 8 to 10 new hedge funds, and it's planning on handing new fund managers $75 million to $100 million to start their businesses….
Read more at http://www.businessinsider.com/goldman-sachs-to-begin-providing-seed-money-for-hedge-funds-2011-11
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