Goldman Sachs mutual fund in India

Published September 2, 2008

MUMBAI, Sept 1: Goldman Sachs said it has regulatory approval to launch mutual funds in India, joining the likes of AIG, JPMorgan and South Korea’s Mirae Asset who have started operations in the past 18 months.

Adam Broder will be the chief executive of Goldman Sachs Asset Management Company (India) and Prashant Khemka will be chief investment officer, the firm said in a statement on Monday.

“India is one of the most important countries to our Asian business and we have a long-term strategic commitment to this market,” Broder said. India’s 35-member funds industry managed about 5.4 trillion rupees, data from the Association of Mutual Funds in India showed.—Reuters

Opinion

Editorial

Lawless city
22 Sep, 2023

Lawless city

A GRIM milestone has just been passed in Karachi. The recent death of a teenage robbery victim brings the number of...
Another Sharif trip
22 Sep, 2023

Another Sharif trip

THE sudden arrival of former prime minister Shehbaz Sharif in London, a mere 48 hours after he touched down in...
Delayed elections
Updated 22 Sep, 2023

Delayed elections

If ECP wishes to affirm that it is serious, it should start moving on all pending matters so that the possibility of any further delay is minimised.
What next?
Updated 21 Sep, 2023

What next?

One wonders that if administrative measures were all that were needed to arrest the rupee’s sorry slide, why were they not taken sooner?
Greater representation
21 Sep, 2023

Greater representation

PAKISTAN now stands at a significant juncture, with the names of 11.7m more women added to the voter list, ...
Lost generations
21 Sep, 2023

Lost generations

IF those who wield power in Pakistan think that the nation can progress when tens of millions of its children have...