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Our Divisions
Investment Management

Investment Management works with clients, from individual investors to large financial institutions, to develop advanced portfolio management strategies to help them achieve specific goals for their own or their institution's financial future.

Investment Management teams:

  • Develop and manage customized investment portfolios and discretionary funds for institutions, corporations, pension funds, governments, foundations and individuals in countries around the world

  • Design and manage families of mutual funds

  • Build and maintain lasting relationships with institutional and high-net-worth individual investors and their consultants

  • Manage relationships with investors and provide a full range of reporting and accounting services

  • Work closely with professionals in other divisions of Goldman Sachs to develop new client relationships and to create new products

How We're Organized

Investment Management consists of two major global businesses: Private Wealth Management and Goldman Sachs Asset Management.

Private Wealth Management secures, develops and manages relationships with high net worth individuals, their families, family offices and foundations. PWM helps clients by building and preserving their financial wealth by creating and implementing long-term asset allocation within the context of each client’s particular risk tolerance and providing access to innovative investment ideas and opportunities. PWM professionals develop customized investment strategies and offer a full array of wealth management products and services, including private banking and trust company services.

Goldman Sachs Asset Management delivers innovative investment solutions through a global, multi-product platform that offers clients the advantages that come with working with a large firm, while maintaining the benefits of a boutique. Distribution teams market Goldman Sachs Asset Management investment products and services to institutions and, through third party channels, to markets around the world.

Private Wealth Management

Private Wealth Management (PWM) secures, develops and manages relationships with high-net-worth individuals, their families, family offices and foundations.

Goldman Sachs Private Wealth Management helps clients by:

  • Building and preserving their financial wealth by creating and implementing long-term asset allocation within the context of each client’s particular risk tolerance

  • Providing access to innovative investment ideas and opportunities

  • Developing customized investment strategies

  • Offering a full array of wealth management products and services, including private banking and trust company services

Private Wealth Products and Services

Trust Company The Goldman Sachs Trust Company, N.A. (“Trust Company”) is a national bank limited to fiduciary activities built to be the model for a truly modern, 21st century trust organization, providing sophisticated, high-touch trust and estate administration and related services to ultra high-net-worth clients across the US. An integrated part of Goldman, Sachs & Co.’s Private Wealth Management services, the Trust Company is a full-service corporate fiduciary and offers, either directly or through arrangements with affiliates and non-affiliates, a creative, innovative approach to delivering the full range of traditional trust and estate administration and related services.

Private Banking Goldman Sachs offers a full range of private banking services, enabling clients to consolidate the management of all their investment and banking assets and liabilities with one firm. Banking services are integrated into the firm’s existing investment offering, allowing a single set of services that simplify the management of a client’s wealth. Core offerings include deposit products, a suite of payment services and broad lending capabilities. The entire package is designed to give clients enhanced liquidity and flexibility.

Investment Strategy Group seeks investment opportunities across global markets and asset classes with a view to preserving and growing clients’ wealth. The group utilizes internal and external resources of Goldman Sachs and seeks to deliver objective, strategic and tactical investment advice. Responsibilities include helping clients determine their optimal strategic asset allocation, generating tactical investments ideas and identifying the best way to implement these views. Most important, the Investment Strategy Group aims to effectively communicate these views to Private Wealth Management professionals and their clients to support client relationships and new business development.

Special Investments Group is responsible for marketing Goldman Sachs’ alternative investments, which include direct and fund-of-fund vehicles offered through affiliates. These investments include private equity funds, hedge funds, real estate funds, exchange funds, mezzanine funds and opportunistic funds.

Markets Coverage Group is a full service coverage team that supports extremely wealthy and sophisticated individuals and institutions. The group offers clients coverage and execution in a variety of products and asset classes in markets around the world, with professionals in New York, London and Hong Kong.

Partners Coverage Group provides personal wealth management services that include diversification and asset allocation, portfolio construction and risk management analysis, as well as advice on private wealth management and/or investment management.

Family Investment Office provides a targeted and comprehensive approach to complex families and family office structures. A broad range of services provides a customized investment program for every family office arrangement.

Global Structured Products is a global product and market specialist team dedicated to providing advisory, structuring and execution service to the Private Wealth Management business. The team is responsible for developing, structuring and marketing cross-asset class derivatives to private wealth clients.

Fixed Income Sales Trading provides market coverage, investment ideas and trade execution in fixed income or currency-based products. Team members work with trading, economics and market strategy professionals to respond to our clients’ needs, analyze their fixed income portfolios, execute trades and educate individual clients and Private Wealth Advisors about fixed income products and opportunities.

Goldman Sachs Asset Management

Goldman Sachs Asset Management (GSAM) delivers innovative investment solutions through a global, multi-product platform that offers clients the advantages that come with working with a large firm, while maintaining the benefits of a boutique.

Portfolio Management

GSAM consists of various investment teams across four specialized areas.

Fundamental Equity teams conduct original, bottom-up research across a broad range of capitalizations and styles, spanning global developed and emerging markets. This team utilizes growth equity, value equity, global equity and real estate securities strategies.

Quantitative Investment Strategies uses advanced quantitative methods to systematically uncover and exploit sources of alpha. Our proprietary risk models seek to ensure that risk is actively managed and allocated according to our investment criteria. We offer a range of strategies across market capitalizations, regions and investment styles that can be tailored to meet specific client demands.

Fixed Income seeks to uncover opportunities across borders and in under-researched markets. We use independent specialist teams for bottom-up and top-down decisions, and for generating strategies within their areas of expertise. The Fixed income team includes Money Market products.

Alternative Investments include Hedge Fund Strategies, Global Manager Strategies, the Private Equity Group and the Multi-Product Investment Group, Liberty Harbor and Goldman Sachs Investment Partners. As investors seek different ways to generate alpha and diversify risk, demand for innovative strategies has increased. As a leading provider of these solutions, we offer the flexibility, skill and resources to meet our clients’ specific investment objectives.

  • Hedge Fund Strategies is one of the largest and most deeply resourced, globally deployed, fund of hedge fund investment houses. It runs both sector-specific and multi-strategy funds that represent a research and investment effort spanning the entire hedge fund universe.

  • Global Manager Strategies is a leader in external long-only manager selection for both Institutional and Private Wealth Management clients globally. The group offers access to world class, limited-capacity boutique investment managers in the equity and fixed income asset classes and sub-styles. For institutional clients, the team serves in a fiduciary management capacity.

  • Private Equity Group is one of the leading private equity fund-of-funds and secondaries managers in the world, investing across a variety of private equity strategies, including primary commitments, co-investments and secondary market investments. The group’s investors include the world's leading pension funds, insurance companies, endowments, foundations, high net worth individuals as well as Goldman Sachs and its employees.

  • Liberty Harbor is a global multi-strategy fundamental investment fund, with a credit oriented focus. The team seeks to combine fundamental analysis with cross-product expertise to achieve attractive risk adjusted returns by discovering mispricings across capital structures and investing on both a directional and relative value basis and exploiting arbitrage and event driven opportunities. The team has continued to expand its international capabilities.

  • Goldman Sachs Investment Partners is an opportunistic multi-disciplinary hedge fund employing an intensive fundamental approach to investing. The Fund seeks asymmetric risk-reward opportunities to achieve equity like returns. The team has cross-market capabilities, with experience capturing synergies across the capital structure in both public and private markets.

Institutional and Third Party Distribution

The GSAM Distribution teams market Goldman Sachs Asset Management investment products and services to institutions and, through third party channels, to markets around the world. They focus on building and maintaining long-term client relationships and communicating key themes from the firm’s leading investment professionals.

Institutional

The Institutional business provides investment solutions to a range of institutions worldwide. Investment vehicles include separately managed accounts, collective trusts and hedge funds (direct and fund-of-funds). Relationship Management teams are organized into channels aligned by client type, including corporate pension funds, financial institutions, not-for-profit, public pension funds, as well as government institutions, central banks and unions.. These teams market GSAM strategies and educate institutional investors on various strategic topics, including asset allocation, risk budgeting and asset/liability management. They also provide general market research and knowledge to our clients.

Third Party Distribution

Third Party Distribution markets GSAM investment products primarily to financial services intermediaries and financial institutions. These “third parties,” in turn, make them available to institutional and retail investors through a variety of investment vehicles, including: mutual funds, both proprietary and sub-advised; separately managed accounts; Variable Insurance Trusts; and turnkey 401(k) Plans and other qualified retirement plans.

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Who We Look For

A career at Goldman Sachs is either a marathon or a sprint. If you want to sprint, you probably can, but you won't necessarily last 15 years at that pace. A critical part of running the marathon is acting consistently and playing a fair and honest game. 'There’s only one thing we sell, and that’s trust.' This applies to anything, but nowhere more than Investment Management. Clients trust us to do the right thing, and particularly when you’re in investment management and you’re appointed to manage clients’ money, they trust that you’re going to do it in a prudent manner. The worst thing you could do is breach that trust. We look for people who want to run the marathon, and who understand that trust fuels it.

 

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