News
Goldman Sachs Sued Over 401(k) Plan
Lawsuit alleges firm used underperforming proprietary mutual funds in plan.
Tag: Goldman Sachs
Newsmakers
No Recession Before the 2020 Election, Goldman Chief Predicts
David Solomon gives odds of a downturn next year as just 25%, which would be good news for Donald Trump.
Bye-Bye, Buybacks? Share Repurchases Falling 15%
Corporate fad to cash out investors is flagging, Goldman study finds.
Corporate Moves
Netherlands’ MN Pension CIO Heading to Goldman Sachs
Gerald Cartigny merged the fund’s asset management and fiduciary businesses, helped start its ESG investments.
Newsmakers
Goldman to Combine Four Private Market Groups into $140 Billion Giant
Firm plans to capitalize on industry’s private equity boom, raise stagnant stock price.
Goldman Puts Number on Odds of a Recession: Just 10%
Wall Street firm credits the Fed’s about-face for sunnier view.
FCA Fines Goldman Sachs £34.3 Million for Reporting Failures
Firm allegedly made more than 220 million errors over nearly a decade.
Newsmakers
Mubadala Suspends Future Goldman Ventures Due to 1MDB Scandal
Abu Dhabi fund awaits the outcome of lawsuit tied to Malaysian corruption case.
Market Moves
Commodities Are Past the Worst, But Don’t Rejoice Yet
While raw materials are no longer slumping, Goldman isn’t that impressed.
LDI Portfolio Construction May Get Trickier in 2019
As funds lock in 2018 gains, high-quality fixed income could become harder to find, Goldman Sachs exec says.
Goldman: A Hot January for Stocks Moves into a Cooler Rest of Year
Firm says investors likely got ‘the bulk’ of their 2019 returns last month.
CalPERS Scraps Outsourcing Private Equity Program
BlackRock and other investment firms were vying to manage all or part of the largest private equity program in the US.
Goldman: Divided Government Could Hurt Small-Cap Stocks
With the Democrats likely to take over the House, legislative gridlock may have a Wall Street impact, study shows.
Goldman: Beefing Up Corporate Pensions Will Flatten the Yield Curve
The firm says companies will be heavy bond buyers, contributing $60 billion to their pensions due to a tax change.
Corporate Moves
Goldman CEO Blankfein to Retire in September
President and COO David Solomon will take the reigns.