Goldman Sachs 2000 Annual Report Download - page 25

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23
Please go to www.gs.com for complete profiles
of these client accomplishments.
Kingdon Capital Management
Peter Cobos,
Chief Financial Officer and General Partner
“We rely on Goldman Sachs Global Securities Services to keep
us informed of the current best practices of the investment
industry. While we are one of the largest hedge funds, we can
function with a relatively small back office thanks in part to
Goldman Sachs’ global presence. We draw on their extensive
knowledge to help us quickly and efficiently solve problems
and make operating decisions. This is vitally important given the
rapid changes in our marketplace.”
• Kingdon Capital, one of the largest global hedge funds, uses
Goldman Sachs extensively to provide consolidated prime
brokerage, administration and execution services.
Mizuho Financial Group / Sumitomo Mitsui Banking
Corporation / United Financial of Japan
The Goldman Sachs advisory team worked closely with the banks to assess
their position in an increasingly competitive environment and identify
opportunities for structural changes and increased efficiencies.
China Mobile (Hong Kong) Limited
Wang Xiaochu,
Chairman and Chief Executive Officer
“We continued to pursue our aggressive growth strategy in 2000,
with Goldman Sachs continuing its role as our key advisor, supporting us in
important transactions related to the acquisition of seven provincial and
municipal cellular assets in Mainland China.”
Cariplo Foundation Real Estate Portfolio
When recent Italian legislation mandated the disposition of real estate holdings
by charitable organizations, the Goldman Sachs Whitehall Fund purchased at
auction Cariplo’s highly valued portfolio of real estate properties.
Lincoln Financial Group
Kelly Clevenger,
Vice President, Lincoln National Life
“When we were looking for a new sub-advisor for several
substantial portfolios, Goldman Sachs’ excellent work for our
affiliate in the U.K. immediately caught our attention. We had
established a number of criteria for the new sub-advisor, and
Goldman Sachs met them all. It has a well-known name, a
model-driven quantitative portfolio management style, a good
track record, and very deep resources in terms of portfolio
managers, portfolio construction personnel and research analysts.
Since teaming up with Goldman Sachs, we’ve already
experienced significant input from its various departments.”
• Goldman Sachs is sub-advisor to Delaware Lincoln
Investment Advisers on two portfolios with assets of
$4.2 billion as of December 31, 2000.
Putnam Investments Inc.
Richard Leibovitch,
Managing Director, Global Head of Trading and Derivatives
“We created teams at both Goldman Sachs and Putnam using
various quantitative tools to identify and analyze the risks
and to come up with creative ways to manage our exposures.
Complete confidentiality was critical. We compared ideas and
then worked as a consolidated team to develop and execute
a trading strategy. Goldman Sachs really stood out for having
the analytics to track the portfolio in real time as risks
changed so that we could make the right trading decisions.
The outcome went well beyond our expectations.”
• Putnam Investments turned to Goldman Sachs when
executing a multibillion-dollar asset allocation transaction.
MTR Corporation Limited (MTRC)
Clement Kwok,
Finance Director
“Many complex issues were involved, and the Goldman
Sachs team worked closely with us to negotiate agreements
with the government defining the regulation of fares and
operations. At the same time, they advised us on some
key financial restructuring issues. When we initiated talks
with the Hong Kong government about privatizing MTRC,
Goldman Sachs already knew us well. The firm also
understood the political and economic environment in
Hong Kong. Goldman Sachs’ strong links to government
and nongovernment institutions helped us create and
communicate a strategic plan that was sensitive to the
perspective of the Legislative Council, the public and
the investment community.”
• The Hong Kong SAR government sold 550 million shares
to institutional investors and 600 million shares to
retail investors, together accounting for 23% of the
company’s equity.