Goldman Sachs unveils multi-asset absolute return fund

Goldman Sachs Asset Management has launched a multi-asset absolute return fund.

A sub-fund of the Luxembourg-domiciled Goldman Sachs Funds Sicav, the new multi-asset portfolio aims to provide consistent returns that are not directly correlated to traditional markets.

The Goldman Sachs Global Absolute Return Portfolio is managed by GSAM’s multi-asset team, the global portfolio solutions group, which consists of almost 100 investment professionals globally and currently manages over £22bn.

Nick Phillips, head of international third party distribution for Goldman Sachs Asset Management, says investors are looking to protect their assets following a period of strong returns in the equity and bonds markets by looking to absolute return strategies that can generate returns while limiting potential losses.

“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,” he says.

Neill Nuttall, the fund’s co-portfolio manager, adds: “We aim to achieve consistent, attractive returns in all market conditions within a 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. GSAM’s global presence, with over 700 investment professionals based in 33 locations worldwide enables us to benefit from global perspectives and local market insights.”