UK - Goldman Sachs Asset Management has posted second quarter revenues of $601m (£329.9m) - up 49% on the same period last year.
But GSAM – which has $371.2trn assets under management globally – pointed out that the revenues were down 21% on the first quarter.
GSAM’s assets under management increased $3bn during the second quarter reflecting net asset inflows of $9bn, primarily in alternative investment, equity and fixed income assets.
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It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.