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Until then, some of the few people able to join the party are "high net worth" clients of Goldman Sachs.
These investments, primarily those of high net worth clients, include venture capital, equity hedge funds and fixed-income hedge funds.
"The most active [buyers] are high net worth clients who missed out on the allocations they wanted," he said.
"We're dealing with very high net worth clients and we're not hearing from them that this is coverage they want to buy.
In a rare move, Goldman is planning to create a "special purpose vehicle" to allow its high-net worth clients to invest in Facebook, these people said.
According to the SEC between 2008 and 2013 the bank failed to properly disclose its preferences to both retail mutual fund customers and high net worth clients.
Similar(38)
It added bankers in its wealth management business to attract more high-net-worth clients.
EFG manages about $80 billion for about 50,000 high-net-worth clients.
Mr. Gannon's preferred measure for his high-net-worth clients is to analyze the earnings yield of various securities.
"The evidence that Starr defrauded Mr. Arabov and other celebrity high-net-worth clients was truly overwhelming". the statement said.
France, Belgium, Spain, the US and Argentina have launched legal proceedings against HSBC and its high net-worth clients.
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