At Bernstein’s 40th Annual Strategic Decision Conference on May 30, John Waldron, president and COO at Goldman Sachs, once again emphasized the firm’s desire to court the RIA community as a client base, reported Elaine Misonzhnik for WealthManagement.
Along with expanding the RIA clientele, Waldron noted that Goldman means to expand its alternatives product line, with plans to raise between $40 billion and $50 billion for alternative funds this year.
Misonzhnik writes that Waldron mentioned his view that alternatives are a long-term secular trend that will help the firm protect itself from market cycle turns.
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