Tuesday, 28 March 2017
Last updated 17 hours ago
Dec 18 2015 | 8:09pm ET
Goldman Sachs Asset Management (GSAM) has disclosed the launch of the Goldman Sachs Global Multi-Manager Alternatives Portfolio, a liquid alternative vehicle which seeks to provide diversification to traditional asset classes through investments in range of complementary liquid alt strategies, including exposure to equity long/short, event-driven, credit, relative value and tactical-trading strategies.
The new fund is UCITS-compliant as new sub-fund of the UCITS-qualifying Luxembourg-domiciled Goldman Sachs Funds SICAV. It will be offered to both institutional and retail clients and is registered for sale across a range of European countries, said GSAM in a statement.
“Individual investors are increasingly seeking access to alternative investments to help diversify returns and reduce risk in their portfolios,” says Nick Phillips, head of international third party distribution for GSAM. “The fund includes some of the industry’s leading alternative managers who have been identified for their strength and expertise.
“We believe today’s markets require diversifying sources of return that can help provide a smoother investment experience over various market cycles, helping to bring investors closer to their long term goals,” adds Robert Mullane, one of the fund’s portfolio managers. “We believe our alternatives expertise, combined with GSAM’s history in managing UCITS-compliant funds, will provide a differentiated solution for our investors.”
The fund is managed by GSAM’s Alternative Investments & Manager Selection Group, which has more than 325 professionals and manages some $180 billion for sovereign wealth funds, pension plans, governments, financial institutions, endowments, foundations and family offices.