Goldman Sachs Asset Management (GSAM) has rolled out a new global absolute return fund aimed to provide returns that are less dependent on the direction of traditional markets.
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The Goldman Sachs Global Absolute Return Portfolio will be managed by Neill Nuttall and other members of GSAM’s multi-asset investing team called global portfolio solutions group.
It will invest across multiple asset classes with a dynamic asset allocation approach to navigate changing markets.
The fund, which is a sub-fund of the UCITS-qualifying Luxembourg-domiciled Goldman Sachs Funds SICAV, will be available to both institutional and retail investors and is registered for sale across Europe.
The fund will use investment ideas from across the Goldman Sachs asset management group. The multi-asset investing team currently has £22bn (EUR29.9bn) of assets under management and consists of over 95 investment professionals globally.
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By GlobalDataGSAM head of international third party distribution Nick Phillips said: "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."
The fund’s co-portfolio manager Neill Nuttall said: "We aim to achieve consistent, attractive returns in all market conditions within an Ucits framework.
"We expect significantly lower returns on traditional investments going forward and are focused on offering investors the opportunity to diversify into alternative sources of return while remaining nimble to capture investment opportunities."
