Thursday, May 10, 2007
Goldman's new stock market
Reports that Oaktree Capital may issue shares in itself on a new exchange established by Goldman Sachs wherein the companies would not be truly public. This is really startling and potentially revolutionary news. Imagine a thriving market for asset management firms and a host of other firms which simply don't like public scrutiny and regulatory burdens - trading on an exchange that is simply off-limits to the general public. The implications are enormous.