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.