Goldman Sachs' (GS) proprietary trading desk is headed to KKR (KKR), as the private-equity firm...

|By:, SA News Editor

Goldman Sachs' (GS) proprietary trading desk is headed to KKR (KKR), as the private-equity firm ramps up to better compete with Blackstone Group (BX). The spinoff of Goldman's Principal Strategies unit has been under way since Dodd-Frank reforms started forcing banks out of riskier prop trading. (MS spinoff)