Goldman Sachs May Sell a Hedge Fund Division to State Street – Bloomberg

Goldman Sachs May Sell a Hedge Fund Division to State Street – Bloomberg.

Goldman Sachs May Sell a Hedge Fund Division to State Street - Bloomberg

Goldman Sachs Group Inc. (GS), the fifth- biggest U.S. bank by assets, is in talks to sell its hedge-fund administration unit to State Street Corp. (STT), according to a person with knowledge of the matter.

A final agreement is yet to be reached, said the person, who declined to be identified because the negotiations are private. The unit provides fund accounting, valuation and risk- management for hedge funds.

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