NEW YORK – Goldman Sachs Asset Management, L.P. (GSAM) today announced the launch of the Goldman Sachs Short Duration Income Fund (Class A Shares: GDIAX). The Fund uses a multi sector short duration strategy that seeks to provide investors with total return consisting of income and capital appreciation by investing in short duration fixed income securities, primarily investment grade, within sectors such as corporate bonds, mortgage- and asset-backed securities, and government securities.
“Faced with volatile markets and low US interest rates, investors are looking to maximize income from their fixed income portfolios while minimizing interest rate risk,” said David Fishman, Co-Lead Portfolio Manager of the Goldman Sachs Short Duration Income Fund.
Added James McCarthy, the Fund’s Co-Lead Portfolio Manager: “The Goldman Sachs Short Duration Income Fund seeks added income from a variety of fixed income sectors beyond government bonds. It provides flexible diversification that factors in market conditions and has the potential to dampen overall portfolio risk with lower interest rate sensitivity.”
GSAM’s Global Liquidity Management (GLM) team – one of the largest global teams in the industry with more than $250 billion in assets under management as of 12/31/2011 – will oversee the management of the Fund. Co-headed by James McCarthy and David Fishman, the team has been managing total return products and short duration strategies for over 20 years.
The Fund is offered in Class A and Class C Shares, both with $1,000 minimum initial investments, as well as 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.
