{"id":8516,"date":"2008-09-02T00:00:00","date_gmt":"2008-09-02T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"goldman-sachs-gets-nod-for-indian-mutual-fund-unit","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2008\/goldman-sachs-gets-nod-for-indian-mutual-fund-unit.html","title":{"rendered":"Goldman Sachs gets nod for Indian mutual fund unit"},"content":{"rendered":"<p>Reuters India &#8211; Goldman Sachs said it has regulatory approval to launch mutual funds in India, Asia&#8217;s third-largest economy, joining the likes of AIG, JPMorgan and South Korea&#8217;s Mirae Asset who have started operations in the past 18 months.       <\/p>\n<p>Adam Broder will be the chief executive of Goldman Sachs Asset Management Company (India) and Prashant Khemka will be chief investment officer, the firm said in a statement on Monday.<\/p>\n<p>&quot;India is one of the most important countries to our Asian business and we have a long-term strategic commitment to this market,&quot; Broder said.<\/p>\n<p>India&#8217;s 35 member funds industry managed about 5.4 trillion rupees at the end of July, data from the Association of Mutual Funds in India showed.<\/p>\n<p>While the industry has been hit by a fall of about 30 percent in the Indian stock market this year, Boston Consulting Group has forecast assets could more than quadruple by 2015.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" height=\"1\" border=\"0\" width=\"1\" src=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~4\/380413771\" \/><br \/>  <strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~3\/380413771\/idUKARO14254520080901\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters India &#8211; Goldman Sachs said it has regulatory approval to launch mutual funds in India, Asia&#8217;s third-largest economy, joining the likes of AIG, JPMorgan and South Korea&#8217;s Mirae Asset who have started operations in the past 18 months. Adam [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1386,615,428,276,117,507,101,1578,1942,2459,2458,1353,699],"class_list":["post-8516","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-asset-management-firms","tag-cash-management","tag-current-value","tag-fourth-quarter","tag-investment-arm","tag-investment-group","tag-raanan-agus","tag-real-estate-information","tag-sales-marketing","tag-setbacks","tag-spirit","tag-vanguard","tag-volatility"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8516"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8516\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}