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Goldman Upped For 'Best In Class' Risk Management

Wall Street Journal - Jul 6, 2010

The way Goldman Sachs Group Inc. (GS) measures risk and allocates capital should be seen as a model for other investment banks, according to analysts at J.P. Morgan.

In upgrading Goldman to overweight from neutral, J.P. Morgan analysts Kian Abouhossein and Delphine Lee said that the firm is the most conservative in the way it calculates risk in its trading activities and that it wouldn't need to raise more capital after an upcoming change to capital rules.

On all the measures they looked at, Goldman Sachs's risk management was "best in class" and could act "as a benchmark for investment banking peers," the pair said in a note to clients.

The positive comments from J.P. Morgan come amid the backdrop of an investigation into Goldman Sachs by the U.S. Securities and Exchange Commission for the way it sold collateralized debt obligations it underwrote, and in particular not revealing that a short-selling investor helped structure those notes.

Read Full Article from Wall Street Journal

- Posted: 2010-07-06 08:28:31

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