Goldman Sachs Asset Management has added two further money markets funds to its offshore fund range. The two funds, GS Euro Government Liquid Reserves and GS US$ Treasury Liquid Reserves Fund, are both rated AAAm by Standard & Poor’s. The AAAm rating signifies the funds’ potential to maintain principal stability and to limit exposure to principal losses due to credit, market, and/or liquidity risks. Both funds are sub funds of the Irish-domiciled Goldman Sachs Funds, PLC and can be made available (in certain jurisdictions) to institutional, corporate and private clients. The two funds were launched on 3 April and had total assets under management of US$7.3bn as of 20 April. The Portfolio Manager responsible for the funds, Jason Singer, comments: ‘Current market volatility means that diversification, low risk and liquidity are key priorities for a number of clients. We launched these funds in response to increased investor appetite for money market funds invested solely in high quality government securities. These funds seek to maximise current income consistent with the preservation of capital and daily liquidity.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.