Goldman 'In Process' of Severing Odey Asset Management Ties, Gnodde Says

The transcript discusses Goldman Sachs' relationship with a hedge fund, emphasizing the firm's commitment to high standards and client expectations. It outlines the process of reviewing new information and taking appropriate actions. The conversation concludes with Goldman Sachs moving away from the business with the hedge fund.

What does the speaker emphasize about Goldman Sachs' standards?

• They are extremely high and expected from clients.

• They are low and easily achievable.

• They are flexible and client-specific.

• They are moderate and negotiable.

How does Goldman Sachs handle new information according to the speaker?

• They review it slowly and cautiously.

• They ignore it unless it's critical.

• They delegate it to external consultants.

• They review it quickly and take appropriate action.

What is the current status of Goldman Sachs' relationship with the hedge fund?

• They have strengthened their ties.

• They are contemplating future actions.

• They are in the process of moving away.

• They have completely severed ties.