GSAM revenues up in second quarter

The asset management division at US bank Goldman Sachs reported a 10% increase in revenues for the second quarter of its financial year, defying turbulent equity markets and skittish investors to grow its assets under management by $22bn (€14.2bn) over the period.

Net revenues at Goldman Sachs Asset Management for the three months to the end of May were $1.16bn, 10% higher than the same period last year.

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