
Goldman Sachs Has a Plan For Its Misfiring Bond Business – Business Insider
September 15, 2017 \
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Full Article: Business Insider
Schwartz provided some rarely seen detail on sales performance by client type. Sales credits are down heavily for hedge funds. Given hedge funds make up almost a quarter of Goldman Sachs’ sales credits, that’s a problem for the bank.
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1 Comment on "Goldman Sachs Has a Plan For Its Misfiring Bond Business – Business Insider "
GS has always given heavy weight to the derivatives side of the FICC business. Today, many of its derivative stars hold key seats dictating the direction of the FICC businesses. I wonder if GS has the internal DNA to increase its penetration in the asset manager/corporate space
Interestingly, there was an FT article a few weeks ago talking about the new GS algo in credit. Making several thousand automated odd lot markets has yet to prove a winning strategy to institutionally scale business for anyone in the credit space. I hope that isn’t part of the new strategy.
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