2022 Outsourced-Chief Investment Officer Survey

Provider Profiles


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Goldman Sachs Asset Management, L.P.

Profile
Business Model§ Proprietary/non-proprietary
Year Entered Into OCIO Business1995
No. of Relationship Managers/Salespeople412
No. of OCIO Portfolio Managers59
OCIO % of Total Firm RevenueNot provided
No. of Clients, Full Discretion642
Full Discretionary Assets
Total Full Discretionary OCIO Assets$238.9b
Discretionary Assets by Fund Type
Defined Benefit142b
401(k), 403(b), Other DC10.3b
Endowments/Foundation17.8b
Healthcare Pools (Board designated, funded depreciation)
Other64.8b
Portfolio Construction
At the base of our investment philosophy is our belief that efficient allocation of risk is important for the successful realization of investment objectives. As a global asset manager with real-time data and proximity to markets, we dynamically monitor portfolios to take advantage of potential short-term dislocations and reduce risk. The core tenets of our investment philosophy are below: 1. Knowing our clients by reviewing their overall goals, alongside factors that include time horizons and risk tolerance. 2. We construct portfolios by allocating a specific amount of risk to each exposure based on the expected return from that risk. 3. Seek to take advantage of market opportunities by actively monitoring various monitor risks. 4. Emphasizing diversification and innovation by leveraging various proprietary investment strategies, seeking returns during periods of market stress. 5. We have developed an approach to integrate non-financial factors into our analysis of securities and investment managers.
§OCIO only: Open-architecture (no proprietary products used): Investment outsourcing is only business line.

OCIO + other: An open-architecture/manager-of-manager investment outsourcing platform as one of multiple business lines.

Implemented consulting: i.e. consulting firm that also has discretion over assigned assets.

Proprietary/non-proprietary: An investment outsourcing platform that offers proprietary products alongside non-proprietary products.