Profile: GSAM's US managers

Sentiment among the US equity managers at Goldman Sachs Asset Management stands broadly in line with the bullish outlook for America's economy that Goldman's global investment research unit issued early this year.

The unit forecast US GDP growth of 3.4% this year, and 3.8% in 2012, each well above prevailing consensus, and Goldman’s global investment research unit also forecast the S&P 500 would reach 1500 by the end of this year, 19% above 1258 at its outset. Sean Gallagher, portfolio manager on GSAM’s US Equity Absolute Return Portfolio, says America’s economy is “in the midst of a recovery, and there is more a sense now of the sustainability of that recovery”. As the resurgence unfolds at the macro-level, Gallagher says at the corporate level margins are expanding and trends in revenue growt...