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Report: Goldman Sachs to open up special situations group to outside investors

Goldman Sachs Group Inc. is planning to raise money for its special situations group, one of its most profitable businesses, from outside investors, unnamed sources told The Wall Street Journal.

The investment banking giant is also reportedly considering reorganizing its private investing activities into a new unit that would seek to raise new funds, according to the WSJ article.

The special situations group, which currently has $30 billion in assets, is expected to be combined with Goldman's merchant-banking group, sources told the publication.