Goldman Sachs Makes Play for Quant Funds

The transcript discusses Goldman Sachs' strategic shift from opposing high-speed trading to investing in technology to attract quant funds. This shift involves hiring new talent and focusing on sales efforts to pitch their capabilities to quant funds, which are becoming a significant market force. The impact on jobs is more about business expansion rather than job cuts. The challenge lies in convincing quant funds to switch to Goldman, given their reluctance to change trading platforms. Success could lead to long-term revenue growth.

What was Goldman Sachs' initial stance on high-speed trading in 2014?

• They were undecided.

• They had no opinion.

• They were against it.

• They were in favor of it.

What does Goldman's move towards electronic trading mean for jobs?

• It involves job reshuffling and new hires.

• It will make some divisions obsolete.

• It will not affect jobs at all.

• It will lead to massive layoffs.

Why is Goldman Sachs interested in quant funds?

• They are easy to convince to switch banks.

• They offer short-term profits.

• They are declining in importance.

• They are a growing part of the market.

What makes relationships with quant funds 'stickier'?

• They trade infrequently.

• They are always looking for new banks.

• They rely heavily on trust and stability.

• They have simple trading algorithms.

What challenge does Goldman face in attracting quant funds?

• Goldman has always been a leader in technology.

• Quant funds are eager to switch banks.

• Goldman has no competition in this area.

• Quant funds are reluctant to move their trading.