Saturday, 23 August 2014
Last updated 20 hours ago
Mar 19 2008 | 11:02am ET
Goldman Sachs yesterday reported a drop in hedge fund assets under management and equity funds during the first quarter, while it registered strong inflows into its money market and fixed income businesses.
The firm’s alternative investments unit took in $148 billion this quarter ending Feb. 29, a 2% drop from the previous quarter’s $151 billion. Its equity unit dropped 16% to $214 billion during the same period, while money market fund assets jumped 22% to $252 billion and fixed income rose 2% to $259 billion.
Overall, Goldman reported a 21% increase in assets under management from a year ago to $873 billion with net inflows of $29 billion during the quarter.
Lloyd Blankfein, chairman and CEO, remains optimistic about the firm’s position during volatile and uncertain time.
“Market conditions are clearly very difficult,” said Blankfein. “But we saw strong customer activity across many of our franchise businesses in the first quarter. Although market conditions present many challenges at the moment, they also offer considerable opportunities.”
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note