Goldman Sachs Conference Call Notes -Bloomberg (GS)

Goldman Sachs GS says "it remains committed to managing risk... `we're not holding back leverage'... its clients are still cautious... there aren't many opportunities... will return value to holders in prudent way... has 'more people in more places' vs year ago... macro-economic,world issues weigh on clients... cites economy, regs for lower client activity...`very, very minor opportunities' in distressed assets... some tech advances in equities to occur in ficc ops... asset management business `one of our biggest focuses'... recurring debt revenue 20%-25% of investing and lending."