NEW YORK : Goldman Sachs Group Inc's asset management arm will significantly reduce the $59 billion of alternative investments that weighed on the bank's earnings, an executive told Reuters.The Wall Street giant plans to divest its positions over the next few years and replace some of those funds with out
NEW YORK : Goldman Sachs Group Inc's asset management arm will significantly reduce the $59 billion of alternative investments that weighed on the bank's earnings, an executive told Reuters.
Goldman had a dismal fourth quarter, missing Wall Street profit targets by a wide margin. Like other banks struggling as company dealmaking stalls, Goldman is letting go of more than 3,000 employees in its biggest round of job cuts since the 2008 financial crisis. The $59 billion of alternative investments held on the balance sheet fell from $68 billion a year earlier, the results showed. The positions included $15 billion in equity investments, $19 billion in loans and $12 billion in debt securities, alongside other investments.
"Private credit is interesting to people because the returns available are attractive," he said."Investors like the idea of owning something a little more defensive but high yielding in the current economic environment."
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
'New life, new beginning': Actress Jayley Woo gives birth to first child before Chinese New YearLocal actress Jayley Woo has become a mother right before Chinese New Year. Read more at stomp.straitstimes.com
続きを読む »
New Zealand farmers sour on Ardern’s Labour, complicating new PM's pathWELLINGTON: Jacinda Ardern won over many New Zealand farmers with effective COVID-19 policies, but the influential rural bloc has soured on her as out of touch, weighing on the chances for the prime minister's successor to stay in power. A
続きを読む »
New Zealand farmers sour on Ardern’s Labour, complicating new PM's pathRural voters see govt reforms, aimed at improving environmental impact of farming, are costly and ineffective. Read more at straitstimes.com.
続きを読む »
New Zealand's ruling party confirms Chris Hipkins as new prime minister: ReportWELLINGTON: New Zealand's ruling Labour Party selected Chris Hipkins to replace Jacinda Ardern as leader of the Labour party and prime minister in a meeting on Sunday (Jan 22), Radio New Zealand reported. Hipkins, 44, was the
続きを読む »
New Zealand's ruling party confirms Chris Hipkins as new prime minister: ReportWELLINGTON - New Zealand's ruling Labour Party on Sunday (Jan 22) selected Chris Hipkins to replace Jacinda Ardern as its new leader and the 41st prime minister of the country, Radio New Zealand reported. Hipkins, 44, was the only nomination for the job and his confirmation in a meeting on Sunday by the 64 lawmakers, known as the Labour caucus,...
続きを読む »