# Goldman Sachs Asset Management (Hong Kong) Limited

> Goldman Sachs Asset Management (Hong Kong) Limited is an SEC-registered investment advisory firm in Central, Hong Kong, China, registered since 2017, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 22, 2026.

- CRD: 286066
- Filed as: GOLDMAN SACHS ASSET MANAGEMENT (HONG KONG) LIMITED
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Central, Hong Kong, China
- Filing period: October 2026
- Form ADV filing dated: May 22, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/286066
- AdvisorCensus page: https://advisorcensus.com/firm/goldman-sachs-asset-management-hong-kong-limited-central-hong-kong-286066

## Quick answers

**How is Goldman Sachs Asset Management (Hong Kong) Limited compensated?**
On its Form ADV (Item 5.E, October 2026), Goldman Sachs Asset Management (Hong Kong) Limited reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Goldman Sachs Asset Management (Hong Kong) Limited located?**
Goldman Sachs Asset Management (Hong Kong) Limited's principal office is in Central, Hong Kong, China, according to its Form ADV.

**Is Goldman Sachs Asset Management (Hong Kong) Limited registered with the SEC or a state?**
Goldman Sachs Asset Management (Hong Kong) Limited is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 286066.

**How much does Goldman Sachs Asset Management (Hong Kong) Limited manage?**
Goldman Sachs Asset Management (Hong Kong) Limited reports $21,189,475,396 in regulatory assets under management in its Form ADV filing dated May 22, 2026 (100% discretionary).

**How have Goldman Sachs Asset Management (Hong Kong) Limited's assets and staff changed since 2021?**
In the Form ADV data for Goldman Sachs Asset Management (Hong Kong) Limited: Regulatory assets under management: $29,264,385,937 in the October 2021 data and $21,189,475,396 in the October 2026 data, down 28%. Total employees: 54 in October 2021 and 96 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Goldman Sachs Asset Management (Hong Kong) Limited serve?**
By number of clients on Form ADV Item 5.D: insurance companies (45); charitable organizations (18); pooled investment vehicles (other than investment companies and business development companies) (10).

**Which custodians does Goldman Sachs Asset Management (Hong Kong) Limited use?**
Goldman Sachs Asset Management (Hong Kong) Limited's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNP Paribas Trust Services Singapore Limited, Citibank, N.A. and State Street Corporation as custodians holding 10% or more of its separately managed account assets.

**Does Goldman Sachs Asset Management (Hong Kong) Limited report any disciplinary disclosures?**
Reports 9 disclosure items on Form ADV Item 11: yes answers to 1 question about criminal matters and 8 questions about regulatory matters (11.A(2), 11.C(2), 11.C(4), 11.C(5), 11.D(2), 11.D(4), 11.D(5), 11.E(2), 11.F). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/286066

**What changed in Goldman Sachs Asset Management (Hong Kong) Limited's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 22 to 53. Regulatory assets under management went from $12,942,771,289 to $21,189,475,396 (+64%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees
- Other

### Custodians (Schedule D, Section 5.K(3))
- BNP Paribas Trust Services Singapore Limited
- Citibank, N.A.
- State Street Corporation

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $21,189,475,396
- Discretionary: $21,189,475,396
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 10 | $2,206,295,539 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 2 | $283,258,508 |
| Charitable organizations | 18 | $54,139,262 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 45 | $15,832,322,294 |
| Sovereign wealth funds and foreign official institutions | 1 | $1,333,970,692 |
| Corporations or other businesses not listed above | 5 | $1,479,489,101 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops

### Firm details
- Registered since: 2017 (9 years)
- Employees: 96 total, 53 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 9 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.A(2): In the past ten years, has the firm or an advisory affiliate been charged with a felony?
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.D(5): Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?
- 11.F: Has an authorization to act as an attorney, accountant, or federal contractor granted to the firm or an advisory affiliate ever been revoked or suspended?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/286066

### Websites listed on Form ADV (Item 1.I)
- [am.gs.com](https://am.gs.com)
- LinkedIn @goldman-sachs-assetmanagement

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $29,264,385,937 | 54 | August 18, 2021 |
| October 2022 | $27,371,072,568 | 54 | March 31, 2022 |
| October 2023 | $15,997,372,029 | 60 | August 1, 2023 |
| October 2024 | $16,383,628,868 | 53 | May 22, 2024 |
| October 2025 | $12,942,771,289 | 53 | March 31, 2025 |
| October 2026 | $21,189,475,396 | 96 | May 22, 2026 |

Regulatory assets under management: $29,264,385,937 in the October 2021 data and $21,189,475,396 in the October 2026 data, down 28%.
Total employees: 54 in October 2021 and 96 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 22 to 53.
- Regulatory assets under management went from $12,942,771,289 to $21,189,475,396 (+64%).

### November 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Goldman Sachs Asset Management (Hong Kong) Limited (CRD 286066): Form ADV filing data as of October 2026.