Larger managers like Morgan Stanley and JPMorgan are looking to get even bigger in order to compete.
And yet one of the world's largest, Goldman Sachs, is betting that it can make more incremental moves and still maintain a leadership role in the industry.
Last fall, for example, Goldman created a team that's helping corporate and public pension funds navigate portfolio construction questions, like how to prepare to liquify funds for a private investment.
The idea is that the team will support the Goldman salespeople who call on pension funds, and the expectation is that if Goldman can help clients get more comfortable with their