NEW YORK – Goldman Sachs Asset Management, L.P. (GSAM) is the recipient of four 2010 U.S. Lipper Fund Awards, including three for Goldman Sachs Short Duration Government Fund and one for Goldman Sachs Mid Cap Value Fund.
The Short Duration Government Fund was cited for achieving the best risk-adjusted performance in institutional shares over the last three-, five- and 10-year periods ended December 31, 2009. The Mid Cap Value Fund received the award for “Best Mid Cap Value Fund” for the 10-year period based on institutional shares.
“We are honored to receive this recognition from Lipper, which validates our firm’s time-tested competency in strategic cash management and our fundamental research approach to building equity and fixed income portfolios from the bottom up,” said Jim McNamara, Managing Director and Head of GSAM's Global Third Party and U.S. Institutional Distribution businesses. “These awards represent the work of two great teams focused on helping our clients achieve their long-term liquidity needs and investment objectives.”
The annual Lipper Awards honor the funds, hedge funds, and fund management firms that have delivered stronger and more consistent performance than their peers, based on Lipper's proprietary fund rating methodology. The Goldman Sachs family of funds has received numerous awards from Lipper over the years. GSAM manages $214 billion in mutual fund assets, spread across a family of equity, fixed income, hybrid and money market funds as of February 28, 2010.
“Our strength in portfolio management is derived from the leading-edge talent and skill of our teams and our commitment to fundamental and quantitative research,” said McNamara. “This commitment is an absolute prerequisite to the superior investment performance that Lipper is recognizing through these awards.”
Goldman Sachs Asset Management is the asset management arm of The Goldman Sachs Group, Inc. (NYSE: GS), which manages $871 billion as of December 31, 2009.
Goldman Sachs Asset Management has been providing discretionary investment advisory services since 1989 and has investment professionals in all major financial centers around the world. The company offers investment strategies across a broad range of asset classes to institutional and individual clients globally. Founded in 1869, Goldman Sachs is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.
