Goldman Sachs is about to take on the market leaders in the UCITS platform space – namely BAML with its dedicated
Goldman Sachs is about to take on the market leaders in the UCITS platform space – namely BAML with its dedicated MLIS platform, Schroder GAIA, and Morgan Stanley’s FundLogic Alternatives Plc – having this week announced the launch of its own platform to support third-party members. The umbrella structure is a Lux-domiciled SICAV and is launching with two GLC-managed sub funds. A number of additional funds are expected to launch around the third quarter. The new platform will have the support of Goldman’s prime brokerage division. Each fund will be managed within the umbrella structure completely independently of all other sub funds. Commenting on the launch, Goldman Sachs’ global co-head of prime brokerage James Paradise said: “We believe that the platform offers our hedge fund manager clients an innovative solution to help them meet the diverse requirements of their investors in a simple and effective manner.” GLC’s managing director, Lawrence Staden said that they chose the platform “because of our long relationship with Goldman Sachs and also because we felt our strategies and their platform offered a genuine realization of the UCITS ethos”.
