Goldman Sachs Asset Management has expanded its fixed-income alternatives fund range by converting its US$448 million non-traded Credit Strategies Fund into a new liquid-alternatives-bond fund.

Goldman has unveiled plans to merge the US$448 million fund, which provides only limited, quarterly share repurchases, into the yet-to-be launched open-end Goldman Sachs Long Short Credit Strategies Fund, according to Investment News.

Goldman said that the planned long-short credit fund will be the latest edition to Goldman’s booming fixed-income-alternatives range.

Konstantin Shiskin, a spokesman for Goldman, declined to comment on the matter.