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Stock impact report

Goldman Sachs Asset Management added to stocks portfolio as markets tumbled [Yahoo! Finance News]

SHISEIDO CO LTD S/ADR (SSDOY) 
NASDAQ:AMEX Investor Relations: shiseidogroup.com/ir
By Elizabeth Dilts Marshall ) - Portfolio managers at Goldman Sachs Asset Management have used the recent selloff in global stocks caused by the coronavirus as an opportunity to take positions in a range of companies focusing on everything from concerts to cosmetics. As stocks tumbled to their worst weekly performance since the financial crisis, the firm's $60 billion portfolios bought shares of Japanese cosmetics-maker Shiseido Co Ltd and events promoter Live Nation , as well as companies in the travel and hotel sector, Katie Koch, Goldman Sachs' global co-head of equities for its asset management business, said in an interview with . "We recognize the seriousness of the coronavirus concerns), and we would never celebrate a sell off of this magnitude," she said. "But this dislocation provides active managers a great opportunity." The fell for the seventh straight day on Friday and the benchmark index suffered its biggest weekly drop since the 2008 global financial crisis on growin Show less Read more
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