San Francisco- based Wells Fargo is planning to pull out capital from its affiliated hedge-fund firm, Overland Advisors, Bloomberg reports. Wells Fargo will extract about $150 million every quarter till the first half of 2014. Wells Fargo is seeking to withdraw capital following the Volcker rule, which limits the amount banks can invest in hedge funds. Overland Advisors, headed by Gordy Holterman and Derek Dunn, manages about $2.1 billion.
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