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

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain Capital: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of