Home>Goldman Profit Exceeds Analysts' Estimates on Investments
Goldman Profit Exceeds Analysts' Estimates on Investments
Financial Planning News
Wed, 16 Jan 2013
Goldman Sachs Group Inc., the fifth- biggest U.S. bank by assets, said quarterly profit almost tripled as gains in the value of the firm's own investments contributed to the first year of revenue growth since 2009.
GoldmanSachs Asset Management's Theodore Enders says hedge fund replication can bring risk-reduction benefits without a lot of the traditional drawbacks of hedge fund investing.