The Goldman Sachs Global Absolute Return Portfolio will seek to generate ‘consistent, attractive returns’ which will be less dependent on the direction of markets.
It will invest across multiple asset classes, and will tap into investment ideas from across the Goldman Sachs asset management group, GSAM said in a statement..
The fund is a new sub-fund of the UCITS-qualifying Luxembourg-domiciled Goldman Sachs Funds SICAV. It is avaiable to both institutional and retail clients and is registered for sale across Europe.
“We aim to achieve consistent, attractive returns in all market conditions within a UCITS framework,” said Nuttall. “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.”
“Investors are becoming more focused on funds that seek to deliver specific investment outcomes,” said Nick Phillips, head of international third party distribution. “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,” Phillips added.
GSAM’s ‘global portfolio solutions group’, is its multi-asset investing team. It has 95 investment professionals around the world and currently manages over £22bn.
In June GSAM launched the Global Equity Long Short Portfolio managed by the Goldman Sachs Investment Strategies portfolio management team. It was also structured as a sub-fund of the Goldman Sachs Funds SICAV.
