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Goldman Sachs is boosting payouts when funds outperform. OpenAI is letting users build custom versions of ChatGPT. Australia will likely hike. Here’s what you need to know today.
Goldman Sachs Group Inc. is revamping how its asset-management teams get rewarded, boosting their payouts when funds outperform. The changes instituted over the past several months will lift the share of profits available for investing teams directly responsible for the performance of Goldman’s alternative-investment funds, people familiar with the matter said.