CBS – Goldman Sachs (GS), whose name is synonymous with Wall Street to many investors, is ratcheting up the fees it charges to some hedge fund clients and cutting ties with others. Its goal is to set aside more capital to meet tougher government regulations, according to The Wall Street Journal.
Goldman’s moves come as Wall Street firms try to mitigate their market risk and adjust to the changing regulatory environment. The giant investment bank has left the commodities trading business and is putting less of its own capital in hedge funds and private-equity funds, among other riskier segments.
