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Tuesday, October 29, 2013|
Restieri Shares GSAM's Plan for Growing Alts
Sometimes, paying your dues pays off.
At least that's the philosophy Goldman Sachs [profile] is following as its works to grow sales in its alternative investments business.
"It is about taking our expertise in alternatives—in the hedge fund, private equity and long-only space—and putting it in a package that makes sense for mutual fund investors," said Larry Restieri, head of alternative sales for Global Third Party Distribution within Goldman Sachs Asset Management (GSAM).
Regarding Goldman's alts operations, Restieri had this to say:
Demand for these alts come from investors who want more stability, he said.
A key element of alt sales will have to be education, according to Restieri.
Restieri said that "I would expect us to continue to expand the platform to serve clients’ growing needs in the space."
“We continually examine expanding our platform, whether through organic growth or through our open-architecture solutions,” he said.
Printed from: MFWire.com/story.asp?s=46585
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