Goldman's Fishman to Retire Says P&I
Pensions & Investments published a brief entitled, "GSAM's head of liquidity solutions to retire at end of year." They tell us, "David Fishman, managing director and head of liquidity solutions at Goldman Sachs Asset Management, plans to retire from GSAM effective Dec. 31 and prior to that will step down as portfolio manager for several funds, including exchange-traded funds, regulatory filings show." A Prospectus Supplement filing for Goldman Sachs Trust, on behalf of Goldman Sachs Enhanced Income Fund, Goldman Sachs Short Duration Government Fund, Goldman Sachs Short Duration Bond Fund and Goldman Sachs Short-Term Conservative Income Fund explains, "David Fishman, Managing Director and Head of Liquidity Solutions within Goldman Sachs Asset Management, L.P. ('GSAM'), has announced his intention to retire from GSAM, effective December 31, 2022. On October 1, 2022, Mr. Fishman will no longer serve as a portfolio manager for the Funds. John Olivo, Managing Director and Global Head of Short Duration Strategies within GSAM, will continue to serve as portfolio manager for the Funds. Accordingly, effective October 1, 2022, all references to Mr. Fishman in the Prospectuses, Summary Prospectuses and SAI are deleted in their entirety." A separate filing for the Goldman Sachs ETF Trust, which includes Goldman Sachs Access Treasury 0-1 Year ETF and Goldman Sachs Access Ultra Short Bond ETF, adds, "David Fishman, Managing Director and Head of Liquidity Solutions within Goldman Sachs Asset Management, L.P., has announced his intention to retire from GSAM, effective December 31, 2022. On October 1, 2022, Mr. Fishman will no longer serve as a portfolio manager for the Funds. Todd Henry and David Westbrook, each a Vice President within GSAM's Fixed Income Team, will continue to serve as portfolio managers for the Funds. Accordingly, effective October 1, 2022, all references to Mr. Fishman in the Prospectus, Summary Prospectuses and SAI are deleted in their entirety."
