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Essay / Research Paper Abstract
A 3 page paper discussing this brokerage firm's willingness to accept risk. Number 59 on the 2005 Fortune 500, the company clearly has been successful in its strategy and in its assessment and management of the risks it faces in today's investment environment. Whether it can continue that success is another matter. Bibliography lists 4 sources.
Page Count:
3 pages (~225 words per page)
File: CC6_KSriskGoldSach.rtf
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Unformatted sample text from the term paper:
Sachs Group ranks 59 on the 2005 Fortune 500, up from the number 74 position in 2004. In addition, Goldman Sachs also appears on Fortunes Global 500, Best Places
to Work For and Americas Most Admired lists of companies (Fortune 500, 2005). As an investment and securities business, Goldman Sachs deals with risk as a primary component of
its business, both in advising its clients and in managing its own investments. Risk Management Issues The absolute issues that Goldman Sachs faces
in managing the risks of its business are the same that affect all securities businesses; the difference lies in how well these companies identify and then manage the risks affecting
them. In early 2004, the "strong bond market and a recovery in merger and acquisitions activity" (Craig, 2004; p. NA) greatly benefited brokerage firms, and perhaps Goldman Sachs more
than most. The company "reported record results for the quarter to 27 February 2004" (Craig, 2004; p. NA). One of the givens
about investment banking is that conditions will change, and often when changes are least expected. At Goldman Sachs in early 2004 - when net income was up 95 percent;
net revenue was up 42 percent and net revenue from the trading unit had increase by 77 percent - the companys chief financial officer reminded analysts and customers "that despite
the strong results, future earnings will still vary" (Craig, 2004; p. NA). Goldman Sachs has a reputation for being risk averse, but that
approach appears to be changing as business conditions change. An asset manager based in Australia noted in 2003 that a "blow-up in hedge funds poses a huge risk for
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