Goldman Sachs (GS) is closing its Global Macro Prop Desk in order to comply with the Volcker...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Goldman Sachs (GS) is closing its Global Macro Prop Desk in order to comply with the Volcker rule. The 8 person group made bets on currencies, interest rates, commodities, and other instruments, and launched the careers of several well-known hedge fund managers.