Goldman Sachs 2002 Annual Report Download - page 15

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GO LDMAN SA CH S 2002 A N N UA L R EPO RT 13
BOSTON EQUITIES SALES TRADING NEW YORK PROGRAM TRADING
BOSTON EQUITIES RESEARCH SALES
NEW YORK PROGRAM TRADING
Putnam Investments and Goldman
Sachs have enjoyed an exceptionally
strong relationship built over a long
period of time— a relationship that has
spanned multiple products including
equities, derivatives, capital markets,
trading and investment research.
Over the last several years, Putnam
Investments has also come to look
at Goldman Sachs as a trusted advisor.
In 2002, Putnam Investments and
Goldman Sachs worked closely
together to evaluate and implement
a number of significant portfolio
restructurings. A great deal of collabo-
ration and analysis led up to these
transactions and they were executed
successfully despite turbulent condi-
tions in the marketplace.
PUTNAM INVESTMENTS—SIGNIFICANT TRANSACTIONS DESPITE TURBULENT MARKETS