1 / 12

GS Asset Management

GS Asset Management. Bernardo “I Can Value it” Martinez Jorge “Data Entry” Rohana Simran “Slave Driver” Singh Alejandro “ Garda” Stein. GS Asset Management. Case Background Opportunity Risks and Concerns Valuation Conclusions. Case Background. Asian Crisis Pre-crisis conditions

shaun
Download Presentation

GS Asset Management

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. GS Asset Management Bernardo “I Can Value it” Martinez Jorge “Data Entry” Rohana Simran “Slave Driver” Singh Alejandro “ Garda” Stein

  2. GS Asset Management • Case Background • Opportunity • Risks and Concerns • Valuation • Conclusions

  3. Case Background • Asian Crisis • Pre-crisis conditions • Crisis • International Monetary Fund

  4. Case Background • Thailand • Asset Management Industry in Thailand • Financial Services Restructuring Authority (FRA)

  5. Opportunity GS Asset Management BEB • Background • Stockholders Position (FRA) • Strategy • Background • Goal

  6. GS Asset Management • 4th Largest fund in Thailand • Ownership (foreign 35% and domestic 65%) • Two shareholders suspended (40%) • Past performance (lack of commitment) • Projections & Cost cutting

  7. Risks and Concerns • Different Sources of Risk • Country Risks • Economic • Political • Financial • Company Specific Risks • Concerns

  8. Valuation • Assumptions • Methodology • Cost of Capital Calculation

  9. Valuation Results

  10. Conclusions • Very difficult to value opportunities under crisis conditions • Cost of Capital ? • Turnaround? • Buying “cheap”?

  11. Q & A

  12. What Happened • BEB decided not to buy the 25% of the GSAM • Post crisis Thai market conditions and currency • Other Stockholders • Asset Management Industry after the crisis • New funds launched by GSAM

More Related