Bloomberg News reports that the fund manager, which oversees about A$9 billion ($6.6 billion) in Australia, is reviewing options including a sale or a management buyout, according to a person familiar with the talks, who asked not to be identified because the discussions are private. The business includes equities and fixed income with a staff of about 40. The Australian equities team is led by Dion Hershan in Melbourne. Hayley Morris, a spokeswoman for Goldman Sachs in Australia, declined to comment.
Goldman Sachs Asset’s Australian equities wholesale fund returned 5.8 percent a year in the five years through the end of March, ranking 151st of more than 450 funds tracked by Morningstar.
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