Lincoln Financial Group UK
Greg Reed, Investment Director:
"As part of our strategy to improve the performance of our U.K. retail funds, we felt the addition of very strong global investment management capabilities would greatly benefit our clients. Our goal was to team up with an investment management firm that would provide us access to additional portfolio management and other capabilities that complement our strengths in product development and distribution. We appointed Goldman Sachs after a rigorous review process in which the firm met key decision criteria. Of paramount importance was Goldman Sachs Asset Management's strong risk management process that provides consistent, long-term investment performance. We were impressed by the firm's network of portfolio managers based around the world, intensive research and strong track record of building strategic alliances with large institutions. Further, we saw real advantages in being able to leverage Goldman Sachs' highly respected brand and marketing operation to strengthen our sales effort."
- Goldman Sachs Asset Management is managing unit-linked and unit trust investment funds with assets in excess of $4.9 billion on behalf of Lincoln Financial Group UK.
- The transaction was one of the largest mandates awarded in the United Kingdom during 1999.
- Goldman Sachs Asset Management is managing portfolios in U.K., European and Japanese equities as well as balanced portfolios.