Alternative Investments

Updated Saturday, May 18, 2013 as of 5:59 AM ET

Portfolio - Alternative Investments

Goldman Joins Bulge Brackets Offering Retail Alt Funds

To bring alternative investments to a wider investor base,�Goldman Sachs Asset Management(GSAM) has launched the�Goldman Sachs Multi-Manager Alternatives Fund�(GMAMX, GMCMX, GSMMX, GIMMX, GRMMX), which offers exposure to a range of alternative and non-traditional investment strategies within the 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.

MME�reported last month that the firm disclosed in a filing that the fund will employ�Ares Capital Management,�Brigade Capital Management,�GAM International Management Limited,�Karsch Capital Management�and�Lateef Investment Management�as sub-advisors.

Annual fund operating expenses run the gamut of 215 basis points for Institutional shares to 330 bps for Class C shares, according to the filing.

Earlier this week,�MME�reported that�Morgan Stanley�announced that its Alternative Investment Partners (AIP) group had rolled out the�AIP Dynamic Alternative Strategies Fund, its first mutual fund.

Co-portfolio managers for Goldman Sachs fund,�Jason Gottlieb�and�Ryan Roderick, sit within GSAM�s Alternative Investments & Manager Selection (AIMS) group. AIMS manages over $120 billion of client assets for sovereign wealth funds, pension plans, governments, financial institutions, endowments, foundations and family offices.

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