Goldman Sachs 2002 Annual Report Download - page 24

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22 G O L D M A N SA CH S 2002 A N N UA L REPO RT
Goldman Sachs seeks to develop
innovative approaches to help clients
during volatile times. In the active and
uncertain market environment of 2002,
FICC helped its clients manage a
variety of risks, including those related
to commodities, credit, currencies,
interest rates and liquidity.
FICC teams worked tirelessly to
assist clients in their efforts to
effectively hedge their risk exposures
by creating customized derivative-
based and other structured solutions.
In addition, FICC maintained its
commitment to being an active
market-maker in a broad variety of
products, thus providing market
liquidity and facilitating client trades.
These activities demonstrated that,
even in the most volatile of times,
our clients can look to us to meet
their varied needs.
FICC’s commitment to its clients
drove record net revenues and
strong performances across many
of its businesses.
FIXED INCOME, CURRENCY AND COMMODITIES (FICC)—CUSTOMIZED SOLUTIONS IN A TURBULENT YEAR
NEW YORK NEW YORK