Goldman Sachs Asset Management
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As markets and bond yields rise, more DB plans eye LDI
2013 could be the year that more U.S. corporate defined benefit plans kick in their liability-driven investing strategies if equity markets and bond yields continue to improve, according to an analysis of pension data by Goldman Sachs Asset Management.
Goldman Sachs outflows continue as AUM inches up 0.7% in quarter
Goldman Sachs reported $860 billion in assets under management for its Goldman Sachs Asset Management and wealth management businesses as of March 31, up 0.7% from the quarter before and up 4.4% from the year before, according to its first-quarter earnings statement issued on Tuesday.
CtW Investment drops chairman/CEO separation proposal at Goldman Sachs
CtW Investment Group withdrew a shareholder proposal calling for the separation of the chairman and CEO positions at Goldman Sachs Group Inc. after the company agreed to bolster the role of its lead director.
Supreme Court won't stop class action against Goldman Sachs
Goldman Sachs' bid to stop a class-action lawsuit led by the NECA-IBEW Health & Welfare Fund was rebuffed Tuesday by the Supreme Court, which declined to review the case.
GSAM picks co-leaders for global portfolio solutions for EMEA
Philip Read and Alain Kerneis were named co-heads of the global portfolio solutions group for Europe, the Middle East and Africa at Goldman Sachs Asset Management.
Goldman Sachs' O'Neill to retire
James “Jim” O'Neill will retire as chairman of Goldman Sachs Asset Management later this year.
GSAM names co-CIOs for Liberty Harbor credit hedge fund group
Brendan McGovern and Salvatore “Sal” Lentini, both Goldman Sachs Asset Management managing directors, were named co-chief investment officers of Liberty Harbor, the firm's $5 billion credit hedge fund group.
Assets decline at Goldman Sachs in quarter, rise 2% in 2012
Goldman Sachs reported $854 billion in assets under management for its Goldman Sachs Asset Management and wealth management businesses as of Dec. 31, down 0.2% from the prior quarter but up 3% from the year before.
Goldman Sachs shutters South Korean money management unit
Goldman Sachs Group is closing its South Korean asset management business after five years, according to a source familiar with the company.
Some offices still unusable after superstorm Sandy slams East
Two weeks after Hurricane Sandy ravaged swaths of New York, New Jersey and Connecticut, a number of money management firms still are waiting for their offices to be reopened.
Goldman Sachs sees 2.4% asset increase in quarter
Goldman Sachs reported $856 billion in assets under management for its Goldman Sachs Asset Management and wealth management businesses as of Sept. 30, an increase of 2.4% from the previous quarter and 4.3% from the third quarter of 2011, according to the company's third-quarter earnings report ...
Goldman Sachs managing director to join Carlyle, manage infrastructure fund
Robert Mancini will join The Carlyle Group as managing director and co-head of the $1.1 billion Carlyle Infrastructure Partners fund during the fourth quarter.
U.K. Pension Protection Fund picks 10 bond managers for preapproved list
Pension Protection Fund, London, named 10 fixed-income managers to a preapproved panel to run a variety of strategies, confirmed Richard Hunt, spokesman for the £12 billion ($18.8 billion) fund.
Goldman Sachs settles with Mississippi pension plan in class action over MBS offering
Goldman Sachs Group reached a class settlement with investors in a $698 million mortgage-backed securities offering, a lawyer for the plaintiffs told a U.S. District Court judge in New York.
State Street buys Goldman Sachs hedge fund administration unit
State Street Corp. acquired Goldman Sachs Administration Services, the firm's hedge fund administration business, for $550 million.