Goldman's asset management unit ups positions in hotel, cruise line stocks

FILE PHOTO: A view of the Goldman Sachs stall on the floor of the New York Stock Exchange July 16, 2013. Goldman Sachs Group Inc said on Tuesday quarterly profit doubled, beating Wall Street estimates, boosted by returns from investing the bank's own money. REUTERS/Brendan McDermid

NEW YORK - Goldman Sachs Group Inc’s asset management unit has added to positions in travel stocks, including hotels and cruise lines, as well as Live Nation Entertainment Inc and Japanese cosmetics company Shiseido Co Ltd, executives said Friday. Katie Koch, Goldman Sachs’ global co-head of equities for its asset management business, said the division has seen “strong net inflows into our active portfolios from clients globally” this week.”

We recognize the seriousness , and we would never celebrate a sell off of this magnitude,” said Koch. “But this dislocation provides active managers a great opportunity.”

those vampires dump out all chips on hand and pick up at the lowest price, shame on you wall street...

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Volatile Stocks Crater, Partly Recover: Goldman Sees Coronavirus Erasing Company Profit Growth This YearStocks took another major hit Thursday but clawed back some losses in crazy trading as a big investment bank predicted profit growth would be all but wiped out this year by the coronavirus and a re…
Herkunft: DEADLINE - 🏆 109. / 63 Weiterlesen »

'This is the time to go shopping,' trader says—here are the tech and energy stocks he recommendsMicrosoft, Apple and Chevron look like buys as their stocks fall alongside the broader market, says Bill Baruch, founder and president of Blue Line Capital. TradingNation Yes, we should brand this the coronastocksale TradingNation BTFD TradingNation The only thing I'll be shopping for is a safe in which to put my cash in. recession coronavirus depression StockMarketCrash2020 StockMarket
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »