GSAM's revenues hit US$1.49bn in 1st quarter

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US - Goldman Sachs Asset Management has reported first quarter net revenues of $1.49bn, 99% higher than the first quarter of 2005.

According to Goldman Sach’s 2006 first quarter results, the $1.49bn figure reflected “significantly higher” incentive fees and a 21% increase in management and other fees. Incentive fees were ...

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