September 28, 2016 9:24 PM ET

Capital Markets

Company Overview of Goldman Sachs Asset Management, L.P.

Company Overview

Goldman Sachs Asset Management, L.P. is a privately owned investment manager. The firm provides its services to individuals, high net worth individuals, banks or thrift institutions, investment companies, business development companies, pooled investment vehicles, pension and profit sharing plans, trusts, estates, charitable organizations, insurance companies, corporations, WRAP, and other business entities. It manages separate client-focused equity, fixed income, and balanced portfolios for its clients. The firm launches and manages equity, fixed income, balanced, commodity, and multi-asset mutual funds for its clients. It also launches and manages exchange traded funds. The firm invests in...

200 West Street

New York, NY 10282

United States

Founded in 1989

Key Executives for Goldman Sachs Asset Management, L.P.

Chief Executive Officer and Global Co-Head of Fixed Income and Liquidity Management
Co-Chief Executive Officer and Co-Head of Investment Management
Co-Chief Executive Officer and Co-Head of Investment Management
Chief Financial Officer
Chief Operating Officer
Compensation as of Fiscal Year 2016.

Goldman Sachs Asset Management, L.P. Key Developments

Goldman Sachs Asset Management, Goldman Sachs MLP Income Opportunities Fund and Goldman Sachs MLP and Energy Renaissance Fund Appoints Caroline Dorsa to Each Fund's Board of Trustees

Goldman Sachs Asset Management (GSAM), advisor for the Goldman Sachs MLP Income Opportunities Fund (GMZ) and Goldman Sachs MLP and Energy Renaissance Fund (GER) reported the appointment of Caroline Dorsa to each Fund's Board of Trustees. The appointment of Dorsa brings the total size of the Board of Trustees to eight, seven of whom are independent.

Goldman Sachs Asset Management Launches TreasuryAccess Exchange-Traded Fund

Goldman Sachs Asset Management (GSAM) announced the launch of GBIL, the first ETF to offer same-day settlement of creations and redemptions in the short-term US Treasury market. The Fund will begin trading on the NYSE Arca on September 8 with $20 million in assets. The cost to investors is 14 basis points (bps). GBIL will be jointly managed by GSAM’s Liquidity Solutions team and its Quantitative Investment Strategies team. GBIL offers flexibility to the ETF market’s key liquidity providers, called “authorized participants”- creations or redemptions of shares may settle within hours instead of days. This innovation adds to the standard intraday trading ease of ETFs and can therefore broaden the range of investment applications.

Goldman Sachs Asset Management Announces New Target Date Funds

Goldman Sachs Asset Management announced the launch of a new series of target date retirement funds. As part of their long-term strategy to provide clients with a full range of retirement investment solutions, GSAM is offering a suite of eight target date mutual funds in 5-year increments ranging from retirement years 2020 to 2055. GSAM has re-entered the target date space via the adoption of the Madison Target Retirement Funds, four target date funds whose track records date back to 2007, from Madison Asset Management, LLC (Madison) a target date manager with deep asset allocation expertise and a strong history of producing competitive returns. The series has two distinct features that GSAM believes sets it apart from a competitive field: The open architecture approach to investment selection provides a broader opportunity set which is not limited to affiliated funds. This may be attractive to sponsors who are concerned with managing conflicts of interest and avoiding manager concentration. Active asset allocation allows the investment team to reflect current market views using a tactical allocation range around the glide path to help manage market volatility and longevity risk over the long-term investment horizon.

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