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Goldman Sachs generated about $10bn over the last five years from investments in funds, holdings that the firm is required to scale back because of the Volcker Rule.

Bloomberg News reports that stakes in credit, real estate, private equity and hedge funds produced 6% of the firm’s total revenue in the past five years and 3% of revenue over the past decade, 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. 

To access the complete Bloomberg News article hit the link below:

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

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