Big banks battle for dominant role in fee war


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