FNM Fund Management Report: Pension Fund Investment Proposal

This report provides an in-depth analysis of FNM fund management, specifically focusing on Goldman Sachs' approach to managing investments for a UK defined benefit pension fund. The report begins with an overview of Goldman Sachs Asset Management, its history, and its quantitative models. It then delves into the investment process, highlighting strategies like low-emission, risk-sensitive equity investment programs and tracking methods. The report explores Goldman Sachs' client base, services, and fees, including their ESG (Environmental, Social, and Governance) considerations and custom investment portfolios. It also addresses the company's competitive advantages, such as the SecDB database. The report concludes by outlining why Goldman Sachs is a suitable choice for managing the pension fund, emphasizing its lending and investment expertise. The assignment aims to win a mandate to manage a portion of the pension fund's assets, focusing on a passive index-tracking U.S. equity fund with an ESG focus.