Observer » jim o’neill

$MANU Shares Fall on Day of Red Devils’ First Premiership Match as Publicly Traded Company

Patrick Clark — Mon, 20 Aug 2012 17:27:54 -0400

A good reason, perhaps, to offer shares in the U.S., where New York markets closed before the British soccer club's season-opening loss to Everton was complete. (Another possible reason: Americans don't know enough about the soccer business to sniff out Manchester United's overpriced offering.) Nonetheless, shares in the club, which began trading publicly on Aug. 10, fell 2.7 percent, as $35 million acquisition Robin van Persie failed to make a mark after coming on as a reserve with about 20 minutes to play, and the Red Devils lost 1-0 to Everton.

Count us as among those wondering what Goldman's Jim O'Neill will make of this.

Goldman’s Jim O’Neill on How Football Explains the World

Patrick Clark — Fri, 15 Jun 2012 17:30:26 -0400

In which Goldman Sachs Asset Management chairman Jim O'Neill segues roughly from European Championships to European equities:

Perhaps this is how Dutch people should think this weekend as they face the challenge of having to beat Portugal by a comfortable margin in their last group game next week. If they lose, they are on their way home. And, even if they do win easily, they will need to rely on Germany beating Denmark.

Next week, I am hosting a GSAM client call with the head of our European Equity team on the above title, where I will merely point out that, using the most conservative valuation techniques you can think of, European equities appear to be rather cheap. On the so-called CAPE (Cyclically-Adjusted Price to Earnings ratio) method, some Club Med countries are now at staggeringly low valuations, with Italy and Spain both more than 70 pct below their long term average.

Greece-Russia to Grexit:

Will Greek people vote for the more centrist parties this weekend? Will Greece pull off two major surprises next week, and (1) beat Russia in football, and (2) cause a rally in European markets? I don’t know the answer to either, but it would be rather nice. The nation needs a lift.

Anyway, could make a nice bit of half-time reading! Go here for the whole report.

Goldman Sachs Makes Jim O’Neill Chairman of GS Asset Management

Mike Taylor — Fri, 10 Sep 2010 18:14:26 -0400

Goldman Sachs today named Jim O'Neill, the guy who came up with the emerging-market acronym BRIC, as chairman of the company's asset management business.

BRIC, the term O'Neill coined in 2001, stands for Brazil, Russia, India and China, and refers to the world's four dominant developing economies. He previously served as the head of global economics research. O'Neill will remain in London and report to said Ed Forst and Tim O'Neill, co-heads of Goldman Sachs investment management.

In the second quarter, Goldman's asset management and securities services division brought in $1.37 billion in revenue. Total net revenue for the quarter came in at $8.84 billion. GSAM manages $802 billion.