GSAM enters crowded Singapore retail market

Goldman Sachs Asset Management has entered the increasingly crowded retail market in Asia by registering 13 funds in Singapore, having spent the past 18 months working to build its private bank distribution business. But the US firm is later to the retail game than many of its international peers, a business in which high marketing spend is key for building brand awareness, note industry observers. GSAM will launch the 13 funds – which have been approved by the Monetary Authorit…