Goldman Sachs has announced record annual results for 2006. Net revenues at Goldman Sachs asset management and securities services divisi...

Goldman Sachs has announced record annual results for 2006. Net revenues at Goldman Sachs asset management and securities services division were $6.47 billion for the year, 36 per cent higher than 2005. Asset management net revenues were $4.29 billion for the year, 45 per cent higher than 2005, reflecting significantly higher management fees due to strong growth in assets under management, and significantly higher incentive fees. Assets under management increased $144 billion or 27 per cent to $676 billion, reflecting non-money market net asset inflows of $77 billion spread across all asset classes.