The Gartmore Group, the British asset management company, said on Monday that it had hired Goldman Sachs to advise it on a possible sale or merger, as Roger Guy became the latest top manager to leave the embattled firm. Shares in Gartmore plunged 15.8 percent, to 106 pence, after it announced that it had engaged [...]
Hopu Investment Management, a Chinese private equity firm started by two former Goldman Sachs bankers in 2008, has decided not to raise a second fund in a move that signals the investment vehicle is winding down, The Financial Times reported. Hopu, whose goal was to compete with the likes of the Carlyle Group and TPG [...]
In 50 years, Lloyd Blankfein will be 106 years old — and Goldman Sachs’s new bond issue will mature. Goldman sold $1.3 billion of 50-year senior notes on Tuesday, priced to yield 6.125 percent, reports IFR, a service of Thomson Reuters. The offering was increased from $250 million. The notes are non-callable for five years [...]
Goldman Sachs will divide $3.8 billion among 35,400 employees in the third quarter, a pay pool reduced significantly from the period a year earlier, The Financial Times reported. The cuts result from a slump in the bank’s profit as a result of a slowdown in trading, as well as the fact that Goldman is now [...]
Pierre-Henri Flamand, the former London-based head of Goldman Sachs’s principal strategies group, has raised more than $1 billion in capital and commitments for his new hedge fund, Edoma Capital, MarketWatch reported, citing a person with knowledge of the matter. Edoma raised $820 million for its start later this year, and another $450 million in future [...]
Goldman Sachs, it appears, may have a slight trust problem. The investment bank has been working to repair a public image that has been damaged by accusations that it profited during the financial crisis but, The New York Post reports, it may still have a way to go — at least according to some investors. [...]
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