Latest Interviews
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Clear all filters- Goldman Sachs17 min
How Hedge Funds are Navigating a Volatile Market
Diana Dieckman, Freddie Parker, Jake Seward, Diana Dykman
Goldman Sachs surveyed nearly 450 allocators representing $1 trillion in assets, revealing that the hedge fund industry generated record AUM of $3.6 trillion in 2020 driven entirely by performance rather than new capital flows. While the sector recovered strongly from early-year losses with average returns exceeding 20%, the outlook for 2021 anticipates $35 billion in net inflows and a strategic pivot toward discretionary macro managers and Asian exposure, particularly China. This shift coincides with a reversal in fee compression, as rising performance prompted average management and performance fees to increase for the first time since 2012.
- Goldman Sachs13 min
Big, Bold, Strategic Moves: The 2021 M&A Outlook
Stephan Feldgoise, Mark Sorrell, Jake Seward, Stefan Feldgeus
Goldman Sachs reported a historic $1.8 trillion in M&A volume during late 2020 and early 2021, driven by abundant private capital, open credit markets, and a strategic shift from risk mitigation to aggressive growth positioning. The firm executed over 100 transactions largely through virtual innovation, including drone site visits, while clients increasingly pursued larger, complex deals and unsolicited bids. Looking ahead, the investment bank forecasts a surge in cross-border activity and large-ticket transactions exceeding $10 billion as vaccine distribution eases restrictions and boards prioritize global repositioning.