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Rating:Goldman Postpones its Foray into India's Mutual Fund Market Not Rated 5.0 Email Routing List Email & Route  Print Print
Thursday, February 12, 2009

Goldman Postpones its Foray into India's Mutual Fund Market

by: Armie Margaret Lee

The tough market conditions have led Goldman Sachs to push back its entrance into the Indian mutual fund market, India's Economic Times reports.

Goldman is unlikely to begin mutual fund operations in India in the next year or so, the pub reports, citing anonymous sources.

Goldman, which received regulatory approval to launch a fund business in India last September, has reportedly recalled its CEO for the unit, Adam Broder

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