GSAM Launches New Multi-Strat Absolute Return Liquid Alt Fund

Sep 10 2015 | 7:35pm ET

Goldman Sachs Asset Management has launched a new liquid alternative absolute return fund. 

The Goldman Sachs Absolute Return Multi-Asset Fund, which will trade under the symbol GARDX, is an absolute return vehicle seeking to generate consistent, attractive returns less dependent on traditional market direction. The fund invests across multiple asset classes, accessing investment ideas from across the company, and will apply a dynamic asset allocation approach to navigate changing markets. 

“In a period of increased market volatility and uncertainty, investors are looking for ways to generate differentiated returns while managing portfolio losses,” noted Jim McNamara, head of global third party distribution for Goldman Sachs Asset Management, in a statement. “By leveraging the full breadth of the GSAM’s global expertise and experience, our Absolute Return Multi-Asset Fund seeks to provide investors with a powerful tool for navigating a changing market environment.” 

“We aim to achieve consistent, attractive returns in all market conditions within an accessible mutual fund format,” added Neill Nuttall, the fund’s co-portfolio manager. “We are focused on offering investors the opportunity to diversify into alternative sources of return while remaining nimble to capture investment opportunities. 

The fund is managed by GSAM’s Global Portfolio Solutions group, the division’s dedicated multi-asset investing team. The team, which consists of over 95 professionals around the globe, has provided multi-asset class investment solutions to clients for more than 20 years and currently manages over $35 billion. 

The new fund is offered in Class A and Class C shares, each with $1,000 minimum initial investments, and institutional, class R, class IR and class R6 shares.

Goldman Sachs Asset Management managed over $1 trillion as of June 30, 2015. 

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