Goldman Made $10 Billion From Fund Stakes in Last 5 Years

Stakes in credit, real estate, private equity and hedge funds produced 6 percent of the firm’s total revenue in the past five years and 3 percent of revenue over the past decade, New York-based Goldman Sachs reported in its annual regulatory filing on Monday. The company previously said the investments generated an immaterial portion of total revenue since the bank went public in 1999. Goldman Sachs has traditionally taken significant stakes in funds offered to its clients, leading investors and analysts to question how much revenue will decline when the holdings are reduced.



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