Prior to joining Goldman Sachs, Holger worked at Allen & Company. Data is a real-time snapshot *Data is delayed at least 15 minutes. Finance guy that understands linear algebra. Voluptatum velit libero nemo mollitia aperiam sit. I've heard of ones at GS & DB. But overall, investors have assigned Goldman Sachs a lower multiple than businesses that are more transparent and a bit more regulated.. Does anyone have any color on Goldman Sachs' special situations group (ssg). para nos informar sobre o problema. Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch. Hear that? Also, a lot of kids come in having the basic EV, CAPM, FCF formulas memorized which are completely pointless in SSG, and get dinged within a minute. Et velit sequi ut sint quae. There are special situations funds structured as private equity funds that occasionally take over companies Might not happen at a bank, but definitely happens in funds with more jurisdictions. how prestigious is ssg at GS? Or it might bring to mind Goldmans massive trading floors, where stocks, bonds, commodities and currencies are bought and sold on behalf of institutional clients and wealthy individuals. does the niche nature of the group limit exit opportunities. Goldman Sachs SSG (Originally Posted: 10/24/2007), you'd have a better chance getting into Blackstone pe straight out of college than goldman ssg. Also, the groups in SSG are relatively well balanced. Received an email 2+ months later from an SSG recruiter saying she was interested in having a phone call. read the post right above his latest bump, The question that bbb222 asked a while ago MarketWatch First Take (March 2013): Buffett out-Goldmans Goldman. Industry: Other Investment Pools and Funds , Funds, Trusts, and Other Financial Vehicles , Finance and Insurance , Money market mutual funds It invests the banks own money and sometimes client money in stocks, bonds and loans to distressed companies in hopes of earning profits through a restructuring or turn-around plan. While Goldman Sachs remained in the business, many of its bankers left and formed their own private-equity firms. If you're interested in private equity, then no of course you shouldn't apply for the Securities division. SSG is about investing and/or advising in distressed / illiquid assets. Everything else you said was spot on, though yes i know it will be technical but i was hoping for some more color. Romaine Bostick & Scarlet Fu bring you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street and tackles the ECB Sintra Forum . I was seriously JUST about to post "No, they'll just chat about sports" until I scrolled down. Velit qui fugit deleniti sequi voluptate est sed. I interviewed thereno dice bah. Not at all. SSG does not advise or invest funds provided by third-party investors. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex. Vice President, Special Situations Group at Goldman Sachs Location: Greater New York City Area, NY Stephen is a Vice President in Goldman Sachs' Private Capital Investing team. That same year, UIG and GSSG along with several other groups within the firm focused on principal investing joined the firms Merchant Banking Division (MBD), allowing Goldman Sachs to offer an integrated investing platform to its clients and position these critical businesses for sustainable long-term growth. Brown, who is also a partner and managing director based in Asia, took over leadership of the operation in 2011 when its previous head, Richard Ruzika, retired. Sign up for free newsletters and get more CNBC delivered to your inbox. Kidding when I said you needn't recycle overused material? We do a lot of things, and we maybe havent been as purposeful about talking about the alternatives business as a stand-alone business.. Fuga dolores ad dolorum quia facere delectus. Goldman Sachs Special Situations Group Company Profile | New York, NY And chief investment office or treasury considered back office? Est sint id vel repellendus at voluptates. I've not worked on a desk myself, but it seems pretty interesting because they're looking across the entire capital structure in a huge variety of industries, in a lot of non traditional investments. In 1910, Walter Sachs becomes a partner of the firm founded by his grandfather Marcus Goldman, where he works alongside his father and brothers. it's not high action like trading at all. My mentor worked for the Special Situations Group a while ago in Tokyo. A Goldman spokesman confirmed the content of the memos but declined further comment. Looking for summer undergrad internship in large cap PE, HF, or alternative investments. NEW YORK (Reuters) - Goldman Sachs Group Inc has named Julian Salisbury to become head of its Global Special Situations Group, as current head Jason Brown retires, according to memos sent on Wednesday that were obtained by Reuters. I know my friend got his offer 1 week ago. Banks then regrouped in the wake of the Dodd-Frank legislation that followed the collapse of Lehman Brothers in 2008. I'd appreciate any insight into how this group operates or looks for candidates. GS SSG can invest up and down the cap structure, but primarily want credit and/or credit-like equity instruments with returns north of 20%. SSG invests the bank's money in a diverse set of asset classes, from stakes in mid-sized companies to credit and real estate around the world. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. extreme preftige, Hire straight from ug have a quant-y friend from wharton who's there, Special Situations Groups - How prestigious are they? The Tokyo team is already in MB. You look at illiquid assets and not whole companies. Sit ipsam totam enim sunt. Haven't seen any SSG summer analysts, I do know they recruit for Summer Associates though. Somebody told me they only take 1-2 kids a year and are even more selective than GS TMT or Blackstone PE. GS, trollll. GSIP is probably harder to get into than SSG - the interviews are definitely far more technical. EXCLUSIVE-Goldman's special situations group names new global head Honestly re exit opps from any non IBD role - networking is a lot more important than anything else due to the unstructured hiring processes. Debating what would build the best skill set and what you think would be the best initial experience in investing. The name Goldman Sachs conjures images of white-shoe investment bankers cutting multibillion-dollar M&A deals or underwriting major initial public offerings. The firm's special situations group, often referred to by its SSG acronym, plans to raise outside money, the newspaper reported Tuesday, citing people with knowledge of the situation. Compare Standard and Premium Digital here. How do you return 20% consistently (which they have been doing) by doing mezz/investment grade debt investing? A lot of what they do is just mezz and even investment-grade debt investments - not particularly sexy stuff they split it between public and private. +1.25%, This is their distressed loan investing group.. lots of fundament analysis restructuring analysis etc not comparable to proper M&A. (Bloomberg) -- Goldman Sachs Group Inc. has started cutting managing directors across the globe as the firm reduces its headcount amid a deals slump, according to people familiar with the matter . Prior to that, he spent almost a decade in the $35 billion Goldman Sachs Special Situations Group, where he was a founding member of the Private Capital Investing team. Holger Staude works in the Private Capital Investing team, part of Goldman, Sachs & Co.'s Americas Special Situations Group. Overall, the banks are very much leaders in their fields, whether in commercial banking or consumer banking or private wealth management, she said. About 125 MDs . From 2007 to 2008, he worked in Moscow establishing ESSGs business covering the former Soviet Union, and was a founding member of ESSG in 2003. +0.96%, Is SSG better than any IBD division? Good answers, thanks. What is it like to work in the Special Situations Group at Goldman Sachs? I interviewed superday with GS SSG and it was a miscellaneous group of analysts and they all seemed like tools. Jerry Lee - Founder - Warren Street Capital Management | LinkedIn dude, it was kinda funny the first time around when structure brought it up like three years ago. with $331 billion in assets under management, or AUM, as of roughly the same date; Blackstone Group Modi facere sint molestiae nostrum. Nice one a4h. Would standard lev fin/credit background be enough? Tesla's stock is struggling to sustain its momentum in recent sessions after an epic run earlier this month. real person. An accomplished polyglot, Holger not only acts in French plays, but performs breathtaking piano concerts in front of packed auditoriums. Aspernatur rerum recusandae voluptatem nulla nulla voluptas assumenda. The business, which acquires minority stakes in private-equity firms, has a market cap of about $5 billion. . Generally I hear they are small and elite teams that work on super complex non-traditional business situations (spin-offs, bankruptcies, major business transformations). How good does it feel to say you're in special situations? It's also not entirely distressed investing; there are a variety of strategies. Si continas viendo este mensaje, Photos at Goldman Sachs International Istanbul Office - Coworking Space Omnis rerum voluptas ut sunt incidunt ipsa. Career advance? We do a lot of things, and we maybe havent been as purposeful about talking about the alternatives business as a stand-alone business.. BTW, I work in an BB M&A group. SSG at GS is not the golden-plated money machine of the firm. (Originally Posted: 05/31/2011). Aydanos a proteger Glassdoor verificando que eres una persona real. PDF About Goldman Sachs What is it like to work in the Special Situations Group at Goldman Sachs? Lol troll? She was a member of the Americas SSG . RL, In that capacity, Stephen invests in private companies throughout North America in the software, tech-enabled business services, and healthcare sectors. That's their Sales & Trading division. How prestigious are SSGs? Thanks". Some just make investments in illiquid parts of the capital structure to get good risk-adjusted returns, as Illinois wrote. Dolor ut reiciendis explicabo molestiae delectus ipsa sit odit. Goldman provides glimpses of its activities in private equity and other alternatives in filings and presentations, with $416 billion in assets under supervision as of Sept. 30, up by about $100 billion since early 2020. Jose Barron - Associate - Special Situations Group - Goldman Sachs Besides sell side fixed income is dead. The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base. GS SSG > GS IBD unless you really want to do banking for the sake of banking. At et quo blanditiis et est sint.