Goldman To Launch Emerging Managers Fund Of Funds

May 31 2011 | 9:42am ET

Goldman Sachs Asset Management plans to launch a fund of emerging hedge fund managers as investors increasingly look to smaller funds for stronger returns.

Goldman hopes to raise hundreds of millions of dollars for the fund of funds, Financial News reports. That effort comes alongside Goldman's current fundraising for a hedge fund seeding vehicle, to be headed by Ali Raissi.

GSAM has entrusted the fund of funds to Ryan Roderick, a managing director of hedge fund strategies in New York. That vehicle will seek out undiscovered managers, investing in those willing to offer it a fee break. The seeding fund will take ownership stakes in the funds it selects.

Roderick's fund of funds may also invest in hedge fund startups, FN reports. But it will focus on smaller hedge funds that haven't reach a critical mass of assets under management.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.