Friday, 9 October 2015
Last updated 2 hours ago
Jul 29 2011 | 11:23am ET
Goldman Sachs is leveraging its prime brokerage capacities with a new UCITS platform for third-party managers.
The banking giant has opened the program, its first for outside managers, with two funds managed by London-based hedge fund GLC. Further funds from other managers are expected in the third quarter.
Goldman's current UCITS platform includes only its own funds and has about US$3 billion in assets under management.
The new platform and its sub-funds will use Goldman's prime brokerage.
"We believe that the platform offers our hedge fund manager clients an innovative solution to help them meet the diverse requirements of their investors in a simple and effective manner," co-head of global prime brokerage James Paradise said. GLC's Lawrence Staden added that, "we chose this platform to launch our UCITS funds both because of our long relationship with Goldman Sachs and also because we felt our strategies and their platform offered a genuine realization of the UCITS ethos."
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…