Goldman Sachs Asset Management has launched a new global absolute return fund.
The Goldman Sachs Global Absolute Return Portfolio will seek to generate ‘consistent, attractive returns’ which will be less dependent on the direction of markets. They expect to significantly lower returns on traditional investments while giving their investors the opportunity to diversify into alternative sources of return.
The fund is a new sub-fund of the UCITS-qualifying Luxembourg-domiciled Goldman Sachs Funds SICAV. It is available to both institutional and retail clients and is registered for sale across Europe.
“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 said.
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.