Difference between GSAM and other IM/HF firms?
What's the difference between Goldman Sachs asset mgmt and other firms like Hedge funds and investment mgmt firms?
From its website, it says that GSAM applies various HF strategies too among others. How is it different from typical HFs though?
Bump. Im not the most qualified to answer this, but tp my knowledge, I believe it's a traditional asset manager, like BlackRock and Fidelity, that also has a few Fund-of-Funds and Internal Hedge Funds across different strategies & asset classes.. roughly 1.4t in AUM and a solid place to be out of UG on an investments team.
This more or less.
WolfyWolfyWolfy
Le prestige is spot on.
GSAM is massive and has multiple groups.
AIMS (Alternative Investment Manger Selection): internal fund-of-funds that invests institutional client capital into various hedge funds and PE firms.
GS Investment Partners: internal long-short equity hedge fund.
QIS (Quantitative Investment Strategies): quant fund
Liberty Harbor: credit hedge fund
GPS (Global Portfolio Solutions): provides mutli-asset solutions to institutional clients
Are the Fundamental Equity Group and Fixed Income Group investment groups or just research arms for their mutual funds? Any idea on bonus structure for these groups and the ones mentioned above?
GSAM is different because their prestige to excess return ratio is off the charts. on conference calls, in the media, and at conferences, they seem like the masters of the universe, smarter than everyone in the world. when you give them money to manage, they appear as competent as stevie janowski
rofl at the Eastbound & Down reference
haha this.. Just a solid place to be, similar to other good asset managers.
LOL got your point. BTW, what are good excess return percentages for hedge funds? Also, is having sticky capital a result of a PM having a good rapport in the industry due to past performance? What makes investors convinced to stick with a PM/fund even if their returns might not be the best in town ?
From whatever I've read, it all depends on the fund. If its a well known firm with multi managers, or if its a well known team specializing in some strategy that has good name in the business. What's your opinion?
Also, I've seen some of my seniors get into an HF right after their MFins, in a role with large teams, as opposed to investment/portfolio analysts in a small team with a PM. Is that a disadvantage for someone aspiring to be a PM in the long run?
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