Goldman Sachs Asset Management (GSAM) has launched the Goldman Sachs Long Short Fund, which pursues high conviction investment ideas in global equity markets through a fundamental, bottom-up approach.
The new fund expands GSAM’s liquid alternatives platform to seven funds.
“We seek to identify secular changes in industries, markets and consumer behaviour that will positively or negatively impact companies. We are typically looking for investment opportunities with asymmetric risk/return profiles and identifiable catalysts,” say Raanan Agus and Kenneth Eberts, co-heads of the Goldman Sachs Investment Strategies (GSIS) portfolio management team. “We strive to build a hedged portfolio with the flexibility and nimbleness to generate attractive performance in any market environment.”
The GSIS team is comprised of 55 investment professionals across four regions globally.
“For the first time, we are bringing the expertise that Raanan, Ken and their entire team have delivered to institutional and qualified high net worth investors to a retail investing client base,” says James McNamara, president of GSAM’s mutual funds business. “We are excited to further meet the growing demand for differentiating liquid alternative investment solutions.”
The fund is offered in Class A and C shares with USD1,000 minimum initial investments. The fund also offers Institutional, Class R and Class IR Shares.