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.
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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.
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