Goldman Unveils UCITS Platform With GLC Funds

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."


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of