On Jan. 2, Jim Clark , a founder of such technology icons as Netscape Communications Corp. and Silicon Graphics Inc. , was at home in Palm Beach, Florida, when he got an e-mail from an executive at Goldman Sachs Group Inc. ’s private wealth management division. Goldman was offering Clark a chance to invest in the closely held social-networking company Facebook Inc. The deal -- through a fund overseen by Goldman Sachs Asset Management -- was being offered to other Goldman investors at the same time, Bloomberg Markets magazine reports in its March issue.
Edward C. Forst, co-head of the investment management division at Goldman Sachs Group Inc., will leave at the end of the year and cede his role to Eric S. Lane, according to internal memos obtained by Bloomberg News.
Goldman Sachs Group Inc., the fifth-biggest U.S. bank by assets, said profit fell 23 percent as revenue from trading bonds, currencies and commodities lagged behind Citigroup Inc. and JPMorgan Chase & Co.
Goldman Sachs Group Inc., the U.S. bank that makes most of its money from trading, reported second- quarter profit that fell short of analysts’ estimates as fixed- income revenue plunged 63 percent from the first quarter.
Goldman Sachs Group Inc. said two leaders of its biggest division are leaving the company a week before it reports what some analysts predict will be the lowest annual profit since the firm went public.