NEW YORK – Individual investors are increasingly seeking access to alternative investments to help diversify returns and reduce risk in their portfolios.1 However, achieving this exposure has traditionally been difficult, with investors requiring resources for manager selection, expertise in risk management, and an ability to efficiently access such opportunities. We believe this has left many individual investors’ portfolios and retirement accounts underweight alternatives, relative to their institutional counterparts.
To bring alternative investments to a wider investor base, Goldman Sachs Asset Management (“GSAM”) today announced the launch of the Goldman Sachs Multi-Manager Alternatives Fund (Class A Share: GMAMX) (the “Fund”), which offers exposure to a range of alternative and non-traditional investment strategies within the convenient structure of a mutual fund. The Fund expects to invest in a wide range of strategies, including equity long-short, dynamic equity, event-driven and credit, relative value, tactical-trading, and opportunistic fixed income strategies.2
“We believe today’s complex markets require sophisticated investment techniques that can enhance a traditional portfolio, and bring investors closer to their long term goals,” said Jason Gottlieb, the Fund’s co-portfolio manager. “We are excited to offer investors the Goldman Sachs Multi-Manager Alternatives Fund to complement core portfolio holdings, by providing a comprehensive alternative investment solution that may improve risk-adjusted returns and diversify a portfolio.”
Co-portfolio managers for the Fund, Jason Gottlieb and Ryan Roderick, sit within GSAM’s Alternative Investments & Manager Selection (“AIMS”) Group. With over 275 professionals across 10 offices around the world, the AIMS Group provides manager diligence, portfolio construction, risk management, and liquidity solutions to investors, drawing on Goldman Sachs’ market insights and risk management expertise3. AIMS manages over $120 billion of client assets for the world’s leading sovereign wealth funds, pension plans, governments, financial institutions, endowments, foundations and family offices.4
“We look forward to extending the capabilities of our large team and our experience in manager selection, portfolio construction and risk management to the daily liquid alternatives market,” said co-portfolio manager Ryan Roderick. “We believe our dedicated alternatives expertise, combined with GSAM’s established mutual fund business, will provide a differentiated solution for our investors.”
The Fund is offered in Class A and Class C Shares, both with $1,000 minimum initial investments. It 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 $860 billion as of March 31, 2013. 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.
