Monday, 22 December 2014
Last updated 9 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.”
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.