GSAM’s S&P rating steady after retirement
Standard & Poor’s has announced that the retirement of Goldman Sachs Asset Management’s (GSAM’s) advisory director, Bob Jones, will not affect the rating of its hedged and unhedged Global Flex funds, following discussions with GSAM’s local representatives.
Jones will retire at the end of this year after 24 years with Goldman Sachs and GSAM. Jones was also the founding head of GSAM’s global quantitative equity group.
Jones left his active portfolio management role in 2007 as part of a three-year succession plan. He stood down from his role as co-chief investment officer of GSAM’s quantitative investment strategies equity business in 2009, and has since focused on special research projects, according to S&P.
Managing director Katinka Domotorffy will remain as chief investment officer and head of the quantitative investment strategies business, which she will continue to oversee along with Bill Fallon. Domotorffy and co-chief investment officer of customised beta strategies Don Mulvihill remain the chief responsible parties for the global flex products, according to S&P.
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