NEW YORK – Goldman Sachs Asset Management, L.P. (GSAM) today announced the launch of the Goldman Sachs Managed Futures Strategy Fund (Class A Shares: GMSAX). The Fund provides investors with an opportunity to invest in a wide range of globally diversified asset classes that GSAM believes can potentially generate absolute returns and reduce risk during prolonged market declines.
“Managed futures strategies have historically provided a diversifying pattern of returns that behave differently than most traditional asset classes and alternative investment strategies. This diversification offers the potential to reduce portfolio risk and increase return, including the potential to offer strong performance in extreme up or down markets,” said Glen Casey, Managing Director and Head of Product Strategy and Development at GSAM.
“Our analysis and research reveal that performance in a wide variety of markets tends to continue and exhibit patterns that are both predictable and exploitable,” added William Fallon, Portfolio Manager of the Fund and Co-CIO of the Goldman Sachs Quantitative Investment Strategies (QIS) team. “The Goldman Sachs Managed Futures Strategy Fund seeks to identify price trends early, and potentially profit from them by taking long or short positions in a wide range of asset classes, including equities, fixed income and currencies.”
Fallon and the QIS team will draw on more than 20 years of investing experience to seek to generate attractive risk-adjusted returns from market trends. The team employs 11 PhDs and 16 CFA charter holders with extensive academic and practitioner experience. With over 60 professionals dedicated to portfolio management and research, the QIS team oversees more than $47 billion in assets as of December 31, 2011.
This launch builds on GSAM’s commitment to bringing alternative strategies in daily liquid funds to investors. In 2008, GSAM introduced the first 1940 Act hedge fund replication fund, the Goldman Sachs Absolute Return Tracker Fund, to retail investors in the US.
The Fund is offered in Class A and Class C Shares, both with $1,000 minimum initial investments. The Fund also offers Institutional, Class R and Class IR Shares.
Goldman Sachs Asset Management is the asset management arm of The Goldman Sachs Group, Inc. (NYSE: GS), which manages $821 billion as of December 31, 2011. Goldman Sachs Asset Management has been providing discretionary investment advisory services since 1988 and has investment professionals in all major financial centers around the world. The company offers investment strategies across a broad range of asset classes to institutional and individual clients globally. Founded in 1869, Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.
