Goldman Sachs

Jim O'Neill of Goldman Sachs Asset Management considers the accepted wisdom that the rise of the BRIC economies will be to the detriment of the United States

GLOBAL - Goldman Sachs Asset Management has launched a long-only equity fund comprising 11 emerging markets to give investors the chance to capitalise on future growth economies.

JAPAN - The adoption of new benchmarks by some Japanese pension funds is set to boost their holdings of emerging markets shares, says Goldman Sachs Investment Research.

UK - Goldman Sachs has bought Paternoster for £260m ($407m) but will not immediately combine the firm with its Rothesay Life subsidiary.

Goldman Sachs has bought Paternoster for £260m but will not immediately combine the firm with its Rothesay Life subsidiary.

State Street Global Advisors; Goldman Sachs Asset Management; Schroders; Caisse de Depot et Placement du Quebec; Pension Corporation; Russell Indexes; Arnerich Massena; Natixis Global Associates.

UK - Goldman Sachs' insurance subsidiary Rothesay Life has bought a majority holding in Paternoster following a four-month sale process.

GLOBAL - The Chinese could challenge Americans as the world's largest consumers by 2025, and will more than compensate for any US sluggishness, Goldman Sachs Asset Management chairman Jim O'Niell believes.

More than half of pension trustees perceive commodities as a less risky investment following the credit crunch, according to research commissioned by Goldman Sachs Asset Managemen.

EUROPE - More than half of pension trustees perceive commodities as a less risky investment following the credit crunch, according to research commissioned by Goldman Sachs Asset Management (GSAM).