Goldman Sachs is ahead with a leading role in all hedge
fund business areas, but the gap is closing
For years, Goldman Sachs has been described as
a giant hedge fund, so perhaps it shouldn't come as a shock
that the firm seems to be the best bank on the Street when it
comes to exploiting the opportunities presented by the hedge
fund business. Not only is Goldman rivaling Morgan Stanley on
the brokerage front, it also scores highly in asset management,
both for single-manager funds and funds of funds.
With roughly $22 billion in hedge funds and funds of funds
run by Goldman Sachs Asset Management, coupled with spots at or
near the top of the prime brokerage, hedge fund mergers and
acquisitions and execution brokerage categories, the firm has a
finger in almost every pie and saw its assets under management
for single-manager hedge funds more than double in...