Goldman Sachs 2001 Annual Report Download - page 13

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Our ASSETS are our people, capital and reputation. If any of these is ever diminished, the
last is the most difficult to restore. We are dedicated to complying fully with the letter and
spirit of the laws, rules and ethical principles that govern us. Our continued success
depends upon unswerving adherence to this standard.
BRITISH COAL PENSION SCHEMES
ANNIVERSARY
“During the past year we celebrated the
fifth anniversary of our relationship with
Goldman Sachs and we continue to be
impressed with the quality of its service
and commitment to its clients. Of course
we had known of the firm’s excellent
reputation, but it is always nice to work
with a team that lives up to expectations.
With approximately $30 billion in assets,
the pension schemes constitute the second
largest pension group in the U.K., and
Goldman Sachs has managed the vast
majority of those assets, all within our
guidelines for service and investment
strategy. Goldman Sachs’ excellent risk
control systems give us confidence in tight
management control. In addition, it has
over 200 portfolio professionals in its
offices around the world who provide local
insights into regions and economies. As
a result, year after year, performance has
consistently exceeded our benchmarks.”
David Morgan
Chief Executive Officer
Coal Pension Trustees
page 11
2
PRINCIPLE NO.
For additional client profiles, please see www.gs.com