"We absolutely cannot talk about it," was the repeated response of Goldman Sachs to market reports that it is setting up a mini private exchange to enable alternative investment firms to list without the hassles of regulatory oversight.
According to a newspaper report, Oaktree Capital, an LA-headquartered alternatives firm with $42 billion in assets under management, will raise $700 million by selling a 13% stake on this new Goldman Sachs Tradable Unregistered Equity OTC Market, or GSTrUE as it will be more fondly known.
The idea that Goldman Sachs can develop...
