STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy David Randall
The net leverage exposure to equities by hedge funds remains below the average over the last 5 years, while cash allocations held by mutual funds remains 50 basis points above their lows from December 2021, representing a potential $49 billion of equity demand, GS strategists wrote in a note on Monday.
The benchmark S&P 500 has gained more than 14% since the start of the year as signs of strength in the U.S. economy and falling inflation have quelled widely held fears of a recession in the second half of 2023.
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Goldman Sachs weighs sale for part of its wealth businessBy Saeed Azhar NEW YORK (Reuters) - Goldman Sachs is weighing the sale of a part of its wealth business catering to high net worth clients, it said on ...
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Goldman Sachs weighs sale for part of its wealth business catering to high net worth clientsGoldman Sachs is evaluating alternatives for its registered investment adviser unit, called Personal Financial Management, which manages about $29-billion
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Goldman Sachs Plans to Undo Another Solomon Deal Chasing Mass MarketGoldman Sachs Group Inc. is exploring a sale of an investment-advisory business it bought four years ago, undoing another signature deal under Chief Executive Officer David Solomon’s ill-fated push to manage money for a broader set of customers.
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