GSAM Unveils Transition Management Unit

April 2, 2009 ( - Goldman Sachs Asset Management (GSAM) has launched a Transition Management Group, which it said teams transition professionals with GSAM's Financial Solutions Group.

According to a news release, the Transition Management Group assists public and private pension funds, endowments, foundations, corporations, and investment managers in fundings and liquidations, portfolio restructurings, asset manager changes, and the reallocation of assets from one investment strategy to another. 

GSAM said it is a registered investment adviser with significant client assets under management, and as a transition manager is qualified to manage assets of an Employee Retirement Income Security Act plan and serve as a plan fiduciary


“Our mission is to partner with clients to preserve assets by minimizing both costs and the distinct financial and operational risks that arise when assets are shifted in these complex and volatile markets,” said Adam Esposito, a seven-year transition management veteran who heads GSAM’s transition team.   

GSAM’s transition management team offers a customized pre-trade analysis and a plan for each client that is aimed at minimizing market impact while still achieving the desired portfolio in an efficient manner, the news release said.