WSJ – Goldman Sachs Group Inc. is lobbying regulators to exempt investment vehicles known as credit funds from the “Volcker rule” in a bid to preserve the firm’s lucrative merchant-banking unit.
But if Goldman fails, it has a backup plan. Some executives at the New York company believe they have found a way to extricate the credit funds from proposed limits on how much can be invested in hedge funds and private-equity funds, according to people briefed on the efforts.
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