Goldman Poaches Rivals’ Marketers in Bid to Grow Fund Management Arm - Barron's

1. Goldman Sachs focuses on expanding its asset management marketing strategy. 2. New hires include former BlackRock and JPMorgan executives to enhance marketing efforts. 3. Management targets increasing asset management's contribution to over 25% of profits. 4. Goldman aims for predictable revenue through management fees over trading income. 5. First quarter showed strong profit margins and revenue growth from management fees.