Law and regulation

Goldman Sachs Starts Indian Mutual Fund Unit

Published September 01, 2008, 6:53 p.m. EDT

1 Min Read

Goldman Sachs has gained approval to launch mutual funds in India, joining AIG and JPMorgan, Reuters reports.Adam Broder will lead Goldman Sachs Asset Management Company (India) Pvt Ltd, with Prashant Khemka taking the chief investment officer post, according to a statement from Goldman."India is one of the most important countries to our Asian business and we have a long-term strategic commitment to this market," Broder said.According to data from the Association of Mutual Funds in India, the country's 35 member funds industry managed about $125 billion at the end of July.

Processing Content

For reprint and licensing requests for this article, click here.

Law and regulation

International funds

Alternative investments

Money Management Executive

MORE FROM FINANCIAL PLANNING

Practice and client management

Why women's retirement planning requires a different approach

Many factors work against women when they're saving for retirement, such as lesser lifetime income and career breaks for caregiving. Here's how advisors can keep their roadblocks in mind when planning.

By Kathryn Miller
Reporter

8h ago
Tax

When charitable remainder annuity trusts can be worth the risks

Charitable remainder annuity trusts can be helpful, but advisors should be careful to follow new guidance issued by the IRS and U.S. Treasury Department.

By Zoe Sagalow
Reporter

8h ago
Practice and client management

The AUM of RIAs is soaring. But what about new clients?

SEC data compiled by Paithos Research suggests that the massive growth of RIAs looks much different when compared to their small net new clients.

By Tobias Salinger
Chief Correspondent

11h ago
Practice and client management

How advisors can act as hubs for clients' lawyers, accountants

By coordinating with a client's other financial professionals, such as lawyers and accountants, financial advisors have the potential to deliver even more value.

By Zoe Sagalow
Reporter

July 29
Practice and client management

The safety of the status quo is a risk. Here's how to guide clients past it

Summer meetings might pose a scheduling challenge, but financial advisors could help clients avoid costly mistakes by guiding them away from the common bias in a midyear meeting.

By Tobias Salinger
Chief Correspondent

July 29
Regulation and compliance

How bank-based advisors can jump firms without getting sued

Industry lawyers and recruiters share the key steps bank-based advisors can take to avoid litigation or lower legal exposure when moving clients to a new firm.

By Dan Shaw
Reporter

July 29

Load More