To bring alternative investments to a wider investor base,Goldman Sachs Asset Management(GSAM) has launched theGoldman 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.

MMEreported last month that the firm disclosed in a filing that the fund will employAres Capital Management,Brigade Capital Management,GAM International Management Limited,Karsch Capital ManagementandLateef Investment Managementas 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,MMEreported thatMorgan Stanleyannounced that its Alternative Investment Partners (AIP) group had rolled out theAIP Dynamic Alternative Strategies Fund, its first mutual fund.

Co-portfolio managers for Goldman Sachs fund,Jason GottliebandRyan 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.