GSAM retreats from local operations in India

Feb 15, 2009

The fund house has delayed û likely until next year û the launch of two equity funds that were supposed to kickstart local operations. Staff cuts are coming.

Goldman Sachs Asset Management (GSAM) India has deferred plans to launch two equity funds amid weak demand for local investment products. The portfolios, which were supposed to kickstart GSAM India's operations, were originally set to be launched within the first quarter of this year.

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