“There are a lot of positions. There's no question when there are market headwinds, some of that might go a little bit slower, but we're on pace with what we're trying to do and are committed to it.”

In context

“quity markets obviously held up pretty well ex the financials. So given the sense of just asset sale pace of that, how you're thinking about that and any change today versus Investor Day and how does that translate into pace of buybacks maybe in the back half of the year? David Solomon: Yes. So we commented in the script about the fact that we made more progress on the disposition of our historical principal investments, and we highlighted that we reduced them from just under $30 billion to just over $27 billion during the quarter. Then it's also highlighted in the script that we feel on track to get to the $15 billion target number that we laid out over the course of the next 24 months. We feel good about that progress and we're going to continue to move to reduce that to zero over time. There are a lot of positions. There's no question when there are market headwinds, some of that might go a little bit slower, but we're on pace with what we're trying to do and are committed to it. And obviously, we see a big change in that business as we grow management fees and we take the legacy investments out, the volatility in that business, we believe, will change meaningfully. Operator: We'll take our next question from Christian Bolu with Autonomous Research. Christian Bolu: Good morning, David and Denis. Just to follow up on the question on the Markets business, March did feel like a very tough month for some of your institutional clients, particularly saw hedge fund closures, we are hearing of deleveraging. So how does that inform your view of the outlook for the trading businesses and your market share, particularly given, I guess, Goldman's exposure to the hedge fund community? David Solomon: So I appreciate that question. We're obviously very focused on share and our s”