Goldman Sachs AM launches global absolute return fund

Goldman Sachs Asset Management has launched the Goldman Sachs Global Absolute Return Portfolio.

The fund, being a sub-fund of the Ucits Luxembourg-domiciled Goldman Sachs Funds Sicav, seeks to deliver returns that are less dependent on the direction of traditional markets.

It invests in several asset classes with a dynamic asset allocation approach to navigate changing markets.

The fund targets both institutional and retail clients and is registered for sale across Europe. It is managed by GSAM’s Global Portfolio Solutions group, the dedicated multi-asset investing team that has currently £22bn (€29.9bn) of assets under management.

“Investors are becoming more focused on funds that seek to deliver specific investment outcomes. Following a period of strong returns across equity and bonds, investors are increasingly looking toward absolute return strategies as a way to generate returns whilst limiting potential losses.

“We believe the multi-asset absolute return approach employed by the fund, which harnesses the full breadth of the GSAM platform, is well positioned to target this market.” said Nick Phillips, head of International Third Party Distribution for Goldman Sachs Asset Management.

Neill Nuttall, the fund’s co-portfolio manager, added : “We aim to achieve consistent, attractive returns in all market conditions within a Ucits framework.

“We expect significantly lower returns on traditional investments going forward and are focused on offering investors the opportunity to diversify into alternative sources of return while remaining nimble to capture investment opportunities.”

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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