Goldman Unwinds Hedge Fund Investments, Still $11.4 Billion to Go

Goldman Sachs Group Inc (NYSE:GS) continues to shed investments in hedge funds as mandated by the Volcker Rule. According to a regulatory filing first reported in Bloomberg, the investment bank has withdrawn $2.55 billion from hedge funds since 2012.  The bank has exited $285 million in the third quarter and is requesting that an additional $375 million in less liquid assets, providing the positions time to unwind. Goldman Sachs invested in hedge funds forbidden under The Volcker Rule Goldman Sachs had invested bank capital in hedge funds, which is specifically forbidden under The Volcker Rule, part of the 2010 Dodd-Frank legislation.  Such…