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Goldman Mulls Share Sale For Listed Fund Of Funds
April 7, 2008
A listed fund of hedge funds run by Goldman Sachs may issue new shares, it said Friday.
Goldman Sachs Dynamic Opportunities, which launched in July 2006, is mulling the share offer “in response to both new investor and existing shareholder demand,” according to a note sent to the London Stock Exchange. The fund provided no other details about the possible share sale.
The £202.4 million (US$403.5 million) fund of funds—the largest of its kind at launch when it debuted on the LSE—is essentially flat year-to-date, after returning 13.3% last year.
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