Goldman Sachs Asset Management (GSAM) has announced that Hiren Dasani, co-head of Emerging Markets Equity and co-portfolio manager of the Goldman Sachs Emerging Markets Equity Portfolio, will leave the firm at the end of June 2025.

Basak Yavuz, co-portfolio manager and co-deputy chief investment officer of Fundamental Equity, will continue to lead GSAM’s emerging market equity strategies.  She has been a portfolio manager on the team since 2014 and co-head of the emerging markets equity business since 2017.

There are no changes to the investment philosophy, objective or process, which is well established.  The team incorporates 27 investment professionals and GSAM also plans to add senior investment talent to the India and Asia ex-Japan teams over the coming months.  Additionally, the team has access to the broader resources of the Fundamental Equity business.

Given our knowledge of the broader team and the continuity of the approach, the fund remains on our Recommended list.  According to our usual process, we will follow developments closely over the coming months as the management change takes effect.