Goldman Sachs chairman Henry Paulson will visit Hong Kong this week as part of a tour to persuade Asian investors to take a piece of its initial public offering (IPO) on Wall Street. But local fund managers are sceptical about how many institutions from the territory will buy into Goldman Sachs. A lunchtime presentation will be delivered on Friday by Mr Paulson. Goldman Sachs chief operating officers John Thain and John Thornton will also attend the presentation, with chief financial officer David Viniar. The event is being held as part of an Asian roadshow for the IPO. The roadshow will also visit Tokyo and Singapore. A Goldman Sachs spokesman declined to comment on the visit. Local fund managers believed the presentation would be well attended but that the level of investment from Hong Kong would be small, as the US arm of most institutions would decide whether to purchase Goldman's stock. The roadshow could be used to reassure investors that the IPO would not affect Goldman's service. HSBC Asset Management chief investment officer Ian Burden: 'I assume it will be partly be to talk about the culture of Goldman Sachs and how it will be hopefully unchanged as a result of going from a partnership to a public company.'
