[ by Melanie Gretchen ] Goldman Sachs is making fast work of compliance with the Volcker Rule, aimed at reducing the riskiness of the country’s big banks.  Toward that end, it has sold $250 million worth of investments it had in hedge funds, as new regulations ultimately are likely to require the bank to reduce those holdings.  Typically, Goldman will invest in hedge funds alongside its clients. Game Changer. Besides barring banks from placing bets with their own money, the Volcker Rule will reduce the amount of capital they can investment in sometimes risky vehicles like hedge funds.  In the 2 years that banks have to bring their businesses into line with the new regulations, they will be able to invest only about 3% of their capital in hedge funds. "The firm currently plans to comply with the Volcker Rule by redeeming certain of its interests in hedge funds," Goldman Sachs wrote in the filing, which outlines its business activities for the 3 months that ended 3/31/12.