Recent research from Morgan Stanley described Goldman Sachs Asset Management (GSAM) as “the hidden jewel” in the investment bank’s crown. The report notes: “From much investor doubt five years ago about why Goldman Sachs was even in asset management, we believe GSAM’s success today should be unquestioned.” GSAM, it appears, is the new golden child in institutional asset management.
There’s so much to admire, it seems, that Barclays Global Investors is modelling itself on the company [see Fund champions go head to head, this issue]. “It’s hardly surprising that other firms want to emulate GSAM,” says a senior executive at a US fund manager. “They’re running an active business properly, have succeeded in...
