Goldman Sachs 2002 Annual Report Download - page 26

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24 G O L D M A N SA CH S 2002 A N N UA L REPO RT
Goldman Sachs Asset Management’s
clients faced many concerns as
equities markets declined for the third
straight year. Challenges included
pension funding status, asset
allocation, expected future returns
and market uncertainty. For many
investors, the issues were global.
Goldman Sachs Asset Management
leveraged its worldwide team of
investment professionals to provide
portfolio management expertise,
timely investment research, detailed
portfolio analytics and risk manage-
ment resources to help our clients
address their concerns.
This level of client commitment
contributed both to significant
mandates from new clients and to
additional assets from certain existing
clients. As a result, despite significant
market depreciation, Goldman Sachs
ended the year with approximately the
same level of assets under manage-
ment as the prior year, at $348 billion.
GOLDMAN SACHS ASSET MANAGEMENT— GLOBAL INVESTMENT RESOURCES
LONDONTOKYO
PRINCETON