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Financial markets

R. Seelaus & Co. and Goldman Sachs Introduce Cash Management Solution for Organizations Promoting Gender Equality

Strategic Insights

— 1 min read

R. Seelaus & Co., a women-owned broker-dealer and asset management firm, and Goldman Sachs Asset Management have partnered to launch a cash management solution that supports organizations promoting gender equality. The collaboration introduces two new share class offerings within Goldman Sachs' money market funds, providing clients with a platform to invest in gender equity-focused initiatives. This move aligns with R. Seelaus' mission to increase opportunities for women in finance through financial solutions focused on gender equity.

Key Takeaways:

  • R. Seelaus & Co. and Goldman Sachs Asset Management have introduced a cash management solution to support organizations promoting gender equality.
  • The solution includes two new share class offerings within Goldman Sachs' money market funds: the Goldman Sachs Financial Square Government Fund (WMNXX) and Goldman Sachs Financial Square Treasury Instruments Fund (WOMXX).
  • At least 10% of the net revenues R. Seelaus receives from Goldman Sachs will be used to support organizations that provide educational opportunities to women globally, with a focus on technology education.
  • The partnership aims to increase opportunities for women in the financial services industry and community, aligning with R. Seelaus' mission to promote gender equity.
  • R. Seelaus has a long history of providing primary and secondary market services across asset classes, serving clients from high-net-worth individuals to large Central Banks and asset managers.
  • Goldman Sachs Asset Management oversees more than $2 trillion in assets under supervision worldwide, as of December 31st, 2021.

Statistics:

  • $2 trillion: The total amount of assets under supervision by Goldman Sachs Asset Management worldwide, as of December 31st, 2021.
  • 10%: The minimum percentage of net revenues R. Seelaus will commit to support organizations providing educational opportunities to women globally.

Sources:

  • R. Seelaus & Co., Inc.
  • Goldman Sachs Asset Management
  • R. Seelaus & Co., LLC was founded in 1984.
  • As of December 31st, 2021, Goldman Sachs Asset Management oversees more than $2 trillion in assets under supervision worldwide.

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