Goldman Sachs slashes asset management investments that hurt earnings - reports

Kathleen Gallagher
clock • 1 min read

Goldman Sachs is looking to shed some of its holdings in alternative investments following the negative impact it had on earnings, according to a report in Reuters.  Julian Salisbury, chief investment officer of asset and wealth management at the firm told Reuters that it plans to reduce its positions over the next few years. "I would expect to see a meaningful decline from the current levels," Salisbury said. "It is not going to zero because we will continue to invest in and alongside funds, as opposed to individual deals on the balance sheet." The firm's alternative assets inc...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login