Goldman, Black, and Richman Group: Difference between revisions
old>West No edit summary |
Ozycaevias (talk | contribs) m (1 revision imported) |
(No difference)
| |
Latest revision as of 02:44, 5 June 2019
 | This article is incomplete because it is pending further input from participants, or it is a work-in-progress by one author. Please comment on this article's talk page to share your input, comments and questions. Note: To contribute to this article, you may need to seek help from the author(s) of this page. |
| File:Goldman Black & Richman logo.png | |
| Limited partnership | |
| Industry | Hedge Fund |
| Founded | 1933 |
| Headquarters | Dakos, Belhavia |
Key people | Gedalia Richman (CEO and Managing Partner) Zachariah Black (President and CFO) Naftali Goldman (COO) |
| Revenue |  $32.1 billion |
| $29.6 billion | |
Number of employees | 1,243 (c. 2014) |
The Goldman, Black, and Richman Group, alternately referred to by its acronym GBRG, is a Belhavian investment management firm founded by David Goldman and Norm Black in 1933 as the Recession of 1928 - 1933 was coming to a close. It is considered one of the largest and most powerful hedge funds in the world, and among the top three in Belhavia. The firm serves institutional clients including pension funds, endowments, foundations, foreign governments, and central banks. It utilizes a global macro investment style based on economic trends, such as inflation, currency exchange rates, and leading gross domestic products' growth.
The firm grew steadily in the 1930s and 1940s, though crashing in the Panic of 1945 and nearly becoming bankrupt from failed commodity price speculation in 1953. In 1962, it acquired Richman Financial Holding Company as it expanded into insurance underwriting and commercial debt liabilities, adding the new acquisition's leader's last name, Richman (for Asher Richman), to the firm's letterhead.
The firm is not only noteworthy for its massive presence in the hedge fund financial world, but also for its family leadership succession and political connections. Throughout the firm's existence, until the present, the leading roles of CEO, President, Managing partner, CFO, and COO all lie in the hands of the descendants of the firm's founders or senior partners. Gedalia Richman is the grand-nephew of senior partner Asher Richman, Naftali Goldman is the grandson of founder David Goldman, and Zachariah Black is the youngest son of Norm Black.
In addition, the firm is one of the most politically-connected in the Empire. Gedalia Richman's first cousin, Hank Richman, is a sitting Imperial Senator (C-South Dakos) who won his seat in a special election in August 2013. Naftali Goldman is the father of President Eli Goldman, who himself worked in GBRG's in-house counsel's office before entering politics. Centrist Liberal Democrat, businessman, and banker Joe Manton, who served three terms in the Imperial Senate, worked in the mid-1990s at the hedge fund before leaving to build his own firm.
The firm is headquartered in Dakos, Belhavia, though it has branch offices in the financial districts in Chaleur (Emmeria), Franklin (former Western States), Voluntari (Rodarion), Centurion (Westonaria), Loweport (Arthurista), Lion's Rock (Arthurista), Constantinople, KCT (Eagleland), and Rucesion (Temuair). The firm in 2015 had $97.6 billion in assets under management.