GS Prinicpal Strategies

GSPS is a hedge fund.

GSIP is private equity.

Idiot.

Bankalot, you're retarded. That's why you can only work in banking.

Ok, all animosity aside, can someone elaborate on the below questions? Thanks!

Is there a Goldman macro prop desk that trades rates / currencies / etc.? Is that a particular desk within Principal Strategies?

Also is GS Principal Strategies different from GS Investment Partners? What is the difference?

I can't really speak to how GS's FICC desks are specifically organised, but I believe it is on a regional basis. I don't work in S&T though, so someone else can speak to that better than I.

GSIP is basically a fundamental l/s - they take positions in multiple asset classes and geographies, but it's a fairly vanilla strategy.

GSPS is GS's equity prop desk, and thus differs from GSIP. Again, with the caveat that I don't work in S&T, I don't think prop FICC falls under GSPS.

I would like to know this too. SSG is supposedly the FICC prop desk, but on closer inspection it only seems to trade credit and its related products. That still leaves commodities (which is done by GCPI), but I have no idea what the currency prop desk is called.

SirBankalot has just farted in water

So is there a Goldman FICC prop group then? Specifically trading rates, currencies, etc.?

Still confusing. Sounds like Principal Strategies is all equities so wouldn't be it? Investment Partners might have this??

Thanks!

This thread is pretty irrelevant now that GSPS is gone as are most prop desks, but figure I'd chime in after having worked at the afforementioned places

Generally 3 main prop desks at GS (or at least used to be)

FICC-SSG is the major one which is itself 3 groups (two others include FICC is also distressed high yield and bank loan distressed)

Equities- GSPS was the major one

The difference is that SSG usually looked at credit/fixed income/equities whereas GSPS looked at mainyl equity investments

GSIP is the EXACT same as GSPS... several years ago hal the GSPS team moved to asset management to start GSIP which invests client's money. GSPS invests GS' own balance sheet whereas GSIP gets 2+20%

someone mentioend GCPI but that is not a currency prop desk. basically it is like a p/e firm that buys commodties companys (such as mining/minerals). it is similar to p/e as they invest in companies themselves but it's not like they bet on oil and day trade.

finally there are other principal investing desks at GS such as GS PIA which is under private equity or PSI which is under FICC. PIA is baller. PSI does minority investments in technology infrastructure.

GSPS is now gone to KKR, and a lot of other desks are shut. I'd be surprised if they shut SSG though

hope this helps

Hey Guys, just following up on this. Wanted to know more about GS PIA, so GS's PE group is the GS Capital partners. What other areas does GS PIA cover and in which division does SSG come under ?

Hey Guys, just following up on this. Wanted to know more about GS PIA, so GS's PE group is the GS Capital partners. What other areas does GS PIA cover and in which division does SSG come under ?

A majority of Goldman prop desks are being spun off or brought into the GSAM dvision. With regards to the question on Global Macro. There was a desk called Global Macro Prop not sure if it still exists within the FICC division or if it has been moved to GSAM