The fund seeks to generate ‘consistent, attractive returns’ less dependent on the direction of markets.
It invests across multiple asset classes, tapping into investment ideas from across GSAM.
The fund is a new sub-fund of the UCITS-qualifying Luxembourg-domiciled Goldman Sachs Funds SICAV.
“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.
The new fund is available to both institutional and retail clients and is registered for sale across Europe.
