When a name like Goldman Sachs enters the retail space with its asset management arm, and actively courts financial advisers as one of its distribution channels, the industry should sit up and notice.
Goldman Sachs Asset Management is targeting Italy as its biggest growth opportunity for its Luxembourg SICAV, five years after kick-starting a strategy to work with the mutual fund distributors at a local level.
The 10 most popular funds in Europe drew net inflows last month of €31.2bn (£22.6bn) as Amundi is crowned lead group for net sales in August.
Goldman Sachs Asset Management has launched a new global absolute return fund which will be managed by Neill Nuttall and other members of the multi-asset investing team.
Goldman Sachs Asset Management has launched the Global Equity Long Short Portfolio managed by the Goldman Sachs Investment Strategies portfolio management team.
A group of City heavyweights with a track record in pensions and institutional investment has launched a new financial advisory firm called City Noble, which aims to deliver impartial advice to trustees and institutional investors.
Liontrust has hired a global equity team from BMO Global Asset Management in an effort to help meet growing demand for alternative investments.
The fund aims to give clients exposure to streams of income free of market direction, taking account of interest rates, currencies and emerging market debt
Friends Life has hired Goldman Sachs to find a buyer for its international arm, just weeks after announcing a 44% slump in the value of its new business, according to reports.
Global investment bank Goldman Sachs is moving into the retail space, with its first offering being three multi-asset UCITS funds run by Katie Koch.
Goldman Sachs Asset Management (GSAM) has launched a trio of multi-asset UCITS funds, its first offering in the multi-asset retail space.
Goldman Sachs has been fined $800,000 (£466,000, 585,570) over transactions that took place on its dark pool trading platform.
