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Goldman Sachs ditches hedge fund client Islet

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Goldman Sachs is severing its business association with Islet Management, Joseph Samuel’s block trading hedge fund, according to a report by Bloomberg.

The moves comes as US regulators are looking into the communications between banks and hedge funds engaged in the trading of large blocks of stock.

Neither Goldman have been accused of any wrongdoing in  investigations being conducted by the US Department of Justice and the Securities and Exchange Commission.

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