Bloomberg has discovered a secretive Goldman Sachs (GS) department called Multi-Strategy...
Tuesday, January 8, 5:27 AM ETBloomberg has discovered a secretive Goldman Sachs (GS) department called Multi-Strategy Investing (MSI) that has no clients and uses the bank's funds to invest in stocks and bonds. While MSI doesn't trade in and out of positions on a daily basis, it sells most assets after a few months. The activities seem to somewhat fly in the face of Lloyd Blankfein's assertion in July that Goldman no longer carries out proprietary trading.
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