Goldman Sachs Glitters As Top Asian Analyst

Goldman Sachshas climbed to the top ofAlphamagazine’s Asian analyst list, thanks toPaul Bernard,Goldman Sachs Asia’s co-director of Pan-Asia research, and his winning approach: Have analysts think like hedge fund managers. The key to Goldman’ success, according toAlpha– an亚博赞助欧冠publication – is a “current investment list” the firm introduced in November 2002. That list contains Goldman’s “best idea at any given moment” and includes stocks that analysts predict will provide 15% to 20% annual absolute return. The system works, as the list has returned a whopping 205% since its launch, gaining 55% alone last year. Goldman’s approach has made the firm the clear choice of hedge fund managers when asked to choose their favorite Asia analysts. The firm was named best in 13 of 17 sector teams – almost as much as both numbers two and three –JP Morgan SecuritiesandMorgan Stanley– put together. UBS, which was hedgies’ no.1 choice last year fell to fourth, whileCitigroupandLehman Brotherstied for fifth. UBS’ fall from the top spot is due in part to the departure of many of its top analysts, thoughNicholas Pink, UBS’ Asia research head, has been restocking the team.
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