The truth about Asian investment banking
The money network:

The money network:

Why crowdfunding threatens traditional bank lending

July 2005

Investment banking: Goldman suffers from over-exposure to hedge funds


The US firm's business mix is making it more difficult to bring success in the primary markets


Has Goldman gone too far down the hedge fund path? That question is not directed at its latest trading results, although its strength with hedge fund clients as much as its reputation for proprietary trading both played their part in Goldman's trading earnings falling 43% between the first and second quarters.

Rather it's a comment on Goldman's recent performance as an underwriter of equity deals. Whether France Telecom in Europe, or Lazard, Boise Cascade...


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