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☆ Garewal: The Fed may adjust policy by 200-250 basis points, whether it's a 25- or 50-point cut
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGarewal: The Fed may adjust policy by 200-250 basis points, whether it's a 25- or 50-point cutGurpreet Garewal, Macro Strategist for Global Fixed Income at GSAM, discusses bond opportunities amid expected Fed rate cuts, focusing on shorter-term bonds and the two-year Treasury yield.

☆ The hedge fund trade unwind that jolted Wall Street this week may continue to agitate markets
▼ + stars: | 2024-08-09 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

The recent unwinding of the yen "carry trade" could remain a long-term headwind amid already turbulent markets. JPY= YTD mountain The Japanese yen's appreciation against the U.S. dollar marked the unwinding of the so-called carry trade. "There's still quite a significant yen short position out there," Osborne said. He estimates that there is still a roughly $15 billion yen short position through July 30, still to be covered. In other words, that short position could drive more strength in the yen as that position is covered.

Persons: —, Shaun Osborne, Osborne, Everyone's, Rob Ginsberg, Ginsberg, FedWatch, Ben Emons Organizations: Bank of, U.S, Scotiabank, U.S . Federal Reserve, Bloomberg, Wolfe Research, Swiss Locations: Bank of Japan, Japan

☆ GSAM: 'Limited upside' for U.S. stocks, and investors should look elsewhere
▼ + stars: | 2024-03-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGSAM: 'Limited upside' for U.S. stocks, and investors should look elsewhereJames Ashley, head of international market strategy at Goldman Sachs Asset Management, says the U.S. equity market rally is running out of headroom, and recommends two other countries investors should consider.

Persons: James Ashley Organizations: Goldman Sachs Asset Management

☆ U.S. stocks have 'limited upside' from here, says Goldman Sachs Asset Management
▼ + stars: | 2024-03-27 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

U.S. stocks have "limited upside" from here, given the macroeconomic backdrop — and investors should be looking for better opportunities elsewhere, according to Goldman Sachs Asset Management. The U.S. economy has been surprisingly resilient in the face of the Federal Reserve's aggressive monetary policy tightening over the last two years, defying expectations of a 2023 recession. Though GSAM's base case is for the Fed to engineer a soft landing and for the U.S. economy to avoid recession, James Ashley, head of international market strategy, told CNBC on Wednesday that if a recession were to come, it would be this year. "The Fed only began to hike in March of '22, so when we're talking about recession risks in 2023, that would have assumed a very rapid passthrough from the transmission of monetary policy into the real economy. In other words, it was premature," Ashley said.

Persons: James Ashley, Ashley Organizations: Goldman Sachs Asset Management, Fed, CNBC Locations: U.S

☆ Market vulnerabilities and a possible U.S. recession: Strategists give their cautious predictions for 2024
▼ + stars: | 2023-11-29 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

The market is now largely pricing a peak at the current Fed funds target range of 5.25-5.5%, with interest rate cuts to come next year. watch now"At the outer edges of the economy there is obvious stress that is likely to spread in 2024 with rates at these levels. So it's easy to see how bad levered investments could have been made that would be vulnerable to this higher rate regime." Recession risk 'delayed rather than diminished' In a roundtable event on Tuesday, JPMorgan Asset Management strategists echoed this note of caution, claiming that the risk of a U.S. recession was "delayed rather than diminished" as the impact of higher rates feeds through into the economy. "I think the the key conclusion here is that interest rates do still bite, it's just taking longer this time around," she said.

Persons: Victor J, Jim Reid, David Folkerts, Landau, Reid, Folkerts, GSAM, Karen Ward, it's Organizations: New York Stock Exchange, Blue, Bloomberg, Getty, Monetary, Federal Reserve, Deutsche Bank, Global Economics, Research, Silicon Valley Bank, Goldman Sachs Asset Management, European Central Bank, Fed, ECB, JPMorgan, Management Locations: New York, Washington, U.S, Canada, Brazil, Chile, Hungary, Mexico, Peru, Poland

☆ Geopolitical instability and a packed election calendar have strategists wary of 2024
▼ + stars: | 2023-11-21 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

In a global risk survey carried out among 130 businesses last month by Oxford Economics, almost two fifths of respondents viewed the Israel-Hamas war as a very significant risk to the global economy over the next two years. "Deglobalisation and persistently higher oil prices, both of which could be triggered by an intensification of geopolitical tensions, are also fairly prominent in the latest survey," Oxford Economics researchers said. "Rising geopolitical tensions could trigger more trade restrictions across the globe, resulting in further economic fragmentation. "Ongoing geopolitical conflicts and tensions are likely to depress growth further, while adding to inflationary pressures that are beyond the control of central banks." "Early 2024 Taiwan elections will set the stage for the rest of the year.

Persons: Gil Cohen, Deglobalisation, Goldman, Roland Temple, Lazard Organizations: Hamas, magen, AFP, Getty, Oxford Economics, NATO, Oxford, Monetary Fund, Asset Management, West, Democratic Progressive Party, Kuomintang, KMT Locations: Gaza, Israel, China, Taiwan, Russia, U.S, South Africa, India, Ukraine, Ukrainian, Iran, Hormuz, United States, Beijing

☆ Top strategists at Goldman Sachs' $2.7 trillion asset management arm share why they're optimistic about the economy, all-in on AI, and bullish on these 6 investments in 2024
▼ + stars: | 2023-11-09 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Investors shouldn't expect too many changes in 2024, according to the top investing minds at Goldman Sachs Asset Management (GSAM). GSAM strategists suggested that investors are overlooking the risk that the conflicts cause a sharp slowdown. Higher bond yields usually reflect higher risk since investors demand better compensation for going out on a limb. But it's not just junk bonds that have enticing yields — Wilson-Elizondo said debt for investment-grade firms pays mid-single-digit rates despite boasting robust fundamentals. Sophisticated investors can enhance their returns further with private credit, which Wilson-Elizondo said can offer lofty yields of 11% to 12%.

Persons: they're, Alexandra Wilson, Elizondo, GSAM's, Ashish Shah, Shah, David Rosenberg, Wilson, Michael Bruun, it's, Goldman Sachs, Bruun, " Bruun, — Wilson Organizations: Investors, Goldman Sachs Asset Management, Federal Reserve, Consumers, BSE, Nikkei Locations: GSAM, Israel, Ukraine, India, Japan, China

☆ Goldman Sachs Asset Management launches new defined outcome ETFs
▼ + stars: | 2023-10-26 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +2 min

A Goldman Sachs sign is seen at the New York Stock Exchange April 21, 2010. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 26 (Reuters) - Goldman Sachs Asset Management (GSAM) has launched a pair of defined outcome exchange-traded funds (ETFs), a group of products that use options strategies to offer upside exposure to stocks while cushioning downside risk. The new funds - the Goldman Sachs S&P 500 Core Premium Income (GPIX.O) and the Goldman Sachs Nasdaq 100 Core Premium Income ETF (GPIQ.O) - will use an options overlay strategy to limit downside risk and generate income, said Michael Crinieri, global head of ETFs at GSAM. Defined outcome products are a relatively new corner of the ETF landscape, although the options strategies themselves are well established. "We started looking at developing enhanced income products like these in 2005," said Monali Vora, head of wealth investment solutions at GSAM.

Persons: Goldman Sachs, Brendan McDermid, Michael Crinieri, Crinieri, Monali Vora, Morningstar, GSAM, Suzanne McGee Organizations: New York Stock Exchange, REUTERS, Goldman Sachs Asset Management, Goldman, Morningstar Direct, Thomson

☆ BAE Systems pensions appoint Goldman Sachs to manage 23 bln stg in assets
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: 1 min

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsLONDON, Sept 6 (Reuters) - The trustees of two BAE Systems (BAES.L) pensions schemes have appointed Goldman Sachs Asset Management to manage 23 billion pounds ($28.88 billion) in defined benefit pension scheme assets, the fund manager said on Wednesday. The mandate for BAE Systems Pension Scheme and BAE Systems Executive Pension Scheme is the largest outsourced chief investment officer appointment in Britain to date, GSAM said in a statement. Pension funds are looking at ways to cut costs by outsourcing parts of their business. ($1 = 0.7964 pounds)Reporting by Carolyn Cohn; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Goldman Sachs, Andrew Kelly, Goldman, GSAM, Carolyn Cohn, Jason Neely Organizations: New York Stock Exchange, REUTERS, BAE Systems, Management, Thomson Locations: New York City , New York, U.S, Britain

☆ A high degree of visibility of corporate earnings growth in India
▼ + stars: | 2023-08-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe see a high degree of visibility of corporate earnings growth in India for the long-run: GSAMHiren Dasani of Goldman Sachs Asset Management discusses his view on why Indian stock market is fairly valued and how to best invest in it.

Organizations: Goldman, Management Locations: India

☆ A recession is only delayed as the economy continues to lose steam. Here's exactly how 8 top strategists and money managers recommend investing in this turbulent market.
▼ + stars: | 2023-08-16 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Now, the inverse has happened as stocks rally, inflation steadily falls, and the labor market stays healthy. By any historical measure, this is still a really strong labor market," he said. "There's a lot of market concern — understandably so — about the sustainability of the strong labor market," Porter said. "There are clear signs that we're weakening at the margin," Schurmeier said of the labor market. "And they're able to thread the needle on the other part of their mandate, which is the labor market."

Persons: John Porter, Jason Draho, Porter, David Lebovitz, Lebovitz, they're, Draho, Jonathan Curtis, Curtis, Brent Schutte, Schutte, Jake Schurmeier, Schurmeier, they'll, shouldn't, Charles Lemonides, Lemonides, Greg Calnon, Calnon, Franklin Equity Group's Curtis, he's Organizations: Newton Investment Management, UBS Global Wealth, Asset Management, Franklin Equity Group, Workers, Northwestern, Harbor Capital Advisors, Fed, Goldman Sachs Asset Management, Franklin Equity

☆ Goldman Sachs Asset Management head of healthcare investing to leave
▼ + stars: | 2023-06-20 | by ( Saeed Azhar | ) www.reuters.com time to read: +1 min

NEW YORK, June 20 (Reuters) - The head of healthcare investing at Goldman Sachs Asset Management (GS.N), Jo Natauri, will leave the company at the end of the year to pursue other opportunities in the sector. "We're entering a pretty attractive period for healthcare private investing, which I think could be pretty interesting to explore," Natauri told Reuters, without giving details about her next move. Goldman Sachs Asset Management (GSAM) has invested $5 billion in healthcare assets over the last five years, she said. Natauri, who will step down from Goldman Sachs Group's elite partner ranks, spent 17 years at the U.S. banking group. "She's poised for success, and I'll be rooting for her," Goldman Sachs CEO David Solomon said in a statement.

Persons: Jo Natauri, Natauri, Goldman, Goldman Sachs, She's, David Solomon, Nicole Agnew, Jeff Bernstein, Adam Dawson, Saeed Azhar, Lananh Nguyen, Susan Fenton Organizations: YORK, Goldman Sachs Asset Management, Reuters, Asset Management, Thomson

☆ These are the 6 best long-term investing opportunities right now, according to a global portfolio management head at Goldman Sachs
▼ + stars: | 2023-05-18 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Investors should take a long-term view of the market, according to Luke Barrs of Goldman Sachs Asset Management. A long-term focus keeps Barrs level-headed when faced with a constant barrage of concerns that leads some to panic-sell. 6 places to put your money right nowAfter breaking down his investing philosophy, Barrs shared six investments he likes right now. Going forward, emerging markets stocks should benefit from a weaker US dollar, stronger earnings, and China's continued economic reopening, which is leading to a tourism boom. Within emerging markets, Barrs especially likes India.

The U.S. Treasury hit its $31.4 trillion borrowing limit last month. Investors need to actively manage their positions during a prolonged turbulent period in which borrowing negotiations could disrupt markets, Shah said. The Treasury bills yield curve indicates investors are demanding higher returns to hold debt due in August, signaling that it is perceived to be riskier than other maturities. Bid yields of Treasury billsStandoffs over the debt limit in the last decade have largely been resolved without causing major financial turmoil. Bond investors are navigating uncertainty around what they're calling the X-date, when the government can no longer meet its payments.

☆ Goldman Sachs to invest over $1 bln in Europe biomethane venture
▼ + stars: | 2023-02-06 | by ( Virginia Furness | ) www.reuters.com time to read: +2 min

Biomethane, a lower carbon alternative to fossil-based natural gas, is produced from the decomposition of organic waste and is seen as a key plank in efforts to lower carbon emissions in the European Union. Verdalia Bioenergy will invest in both early-stage biomethane development projects as well as existing assets with the aim of contributing to Europe's decarbonisation and energy security agenda, the asset manager said on Monday. It has already signed an agreement to purchase a portfolio of biomethane projects with a total capacity of around 150 gigawatt hours per year (GWh/year) in mid-stage development in Spain. Biomethane can be used in the same way as natural gas and delivered using the same infrastructure, yet comes without the same high level of climate-damaging emissions. Biogas and biomethane production has already created 210,000 green jobs in Europe and is saving 60 million tons of greenhouse gas emissions per year, according to the European Biogas Association.

☆ Goldman Sachs Asset Management singles out a corner of the U.S. market with 'great opportunities'
▼ + stars: | 2023-01-24 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Small-cap stocks may be poised for a comeback this year, according to a strategist at Goldman Sachs Asset Management. James Ashley, head of international market strategy at GSAM, told CNBC's "Squawk Box Europe" Monday that small caps offer "great opportunities" for those looking to capitalize in the current economic climate. According to GSAM's research, historically, small caps have delivered when inflation is high but falling, a phenomenon known as disinflation. While there are attractive options in other markets, Ashley said small caps were unique in the current environment with "some great opportunities there." He added that exposure to small caps would offer access to secular growth usually not found elsewhere – especially given that valuations are currently near historic lows.

☆ Résumé of George Santos
▼ + stars: | 2023-01-11 | by ( ) www.nytimes.com time to read: +1 min

• 3X on sales growth within first 6 months from 450k to 1.4M. Goldman Sachs, GSAM Project Manager New York, NY • Private Real Estate institutional sales strategy development. Investors Relations Client development. Developed and managed new sales strategy for the department. • Developing sales strategies Evaluating risk on clients.

LONDON, Jan 10 (Reuters) - Goldman Sachs Asset Management, the fund arm of Goldman Sachs (GS.N), said on Tuesday it had raised $1.6 billion for its first private equity fund focused on investing in companies providing climate and environmental solutions. The final close of GSAM's Horizon Environment & Climate Solutions I comes as investors increasingly turn their attention to companies that can help in the world's fight against global warming. The fund, launched in 2021, provides so-called "growth capital" to companies further along in developing solutions in clean energy, sustainable transport, waste and materials, sustainable food and agriculture and ecosystem services. While investors have long invested in real assets such as wind and solar, or in early stage venture capital, the demand for the fund showed they were increasingly willing to back bigger companies, Pontarelli said. In December private equity firm General Atlantic launched a $3.5 billion climate fund while a month earlier Morgan Stanley Investment Management launched a $1 billion private equity strategy to invest in companies that will help reduce 1 gigatonne of carbon dioxide emissions.

☆ Here are the 4 best investing opportunities in 2023, according to the investment chief at Goldman Sachs' $1.8 trillion asset management arm
▼ + stars: | 2022-12-22 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Goldman Sachs is expecting weaker growth in 2023 as interest rates stay elevated. Here's why the firm is optimistic about emerging markets and willing to invest in China. Instead, the investing chief at GSAM prefers emerging markets equities and debt in 2023. "It's had the trifecta of rising US rates, strong US dollar, and weaker growth," Shah said. Within emerging markets, Shah is most bullish on stocks in Asia, specifically India and China.

☆ Google and Amazon are two of the biggest poachers of Goldman's tech talent. We mapped out the top 10 firms snapping up the bank's recent departures.
▼ + stars: | 2022-10-12 | by ( Bianca Chan | Carter Johnson | Dakin Campbell | ) www.businessinsider.com time to read: +7 min

Amazon was the biggest poacher of Goldman tech talent from June to August. The organization tracked the LinkedIn profiles of people who left Goldman Sachs and picked up another job from June through August. Wall Street's tech hiring ambitions ramp up as tech powerhouses and startups pull backNonetheless, the demand for tech talent on Wall Street has remained strong. JPMorgan, the biggest beneficiary of the departures, hired 18 former Goldman Sachs employees. Citi and Morgan Stanley were also among the top poachers of Goldman talent, with the firms both scooping up 12 Goldman employees each.

☆ Goldman Sachs closes $9.7 bln private-equity fund, largest since 2007
▼ + stars: | 2022-09-27 | by ( Saeed Azhar | ) www.reuters.com time to read: +2 min

FILE PHOTO: The Goldman Sachs company logo is on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021. REUTERS/Brendan McDermid/File Photo/File PhotoNEW YORK, Sept 27 (Reuters) - Goldman Sachs Group Inc has closed a $9.7 billion private-equity fund, its largest since 2007, that seeks to invest in companies with an enterprise value of about $750 million to $2 billion, the bank said on Tuesday. The fund sits under the Wall Street giant's asset management arm and is known as "West Street Capital Partners VIII." Register now for FREE unlimited access to Reuters.com RegisterGoldman's money managers are not alone in raising PE funds. BlackRock Inc (BLK.N) has about $35 billion focused on PE strategies, and last year alone, it raised $3 billion to invest in PE secondary market deals.

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