Alternative Investments

Updated Monday, May 20, 2013 as of 12:50 AM ET

Portfolio - Alternative Investments

Goldman Joins Bulge Brackets Offering Retail Alt Funds

To bring alternative investments to a wider investor base,�Goldman Sachs Asset Management(GSAM) has launched the�Goldman Sachs Multi-Manager Alternatives Fund�(GMAMX, GMCMX, GSMMX, GIMMX, GRMMX), which offers exposure to a range of alternative and non-traditional investment strategies within the structure of a mutual fund.

The fund expects to invest in a wide range of strategies, including equity long-short, dynamic equity, event-driven and credit, relative value, tactical-trading, and opportunistic fixed income strategies.

MME�reported last month that the firm disclosed in a filing that the fund will employ�Ares Capital Management,�Brigade Capital Management,�GAM International Management Limited,�Karsch Capital Management�and�Lateef Investment Management�as sub-advisors.

Annual fund operating expenses run the gamut of 215 basis points for Institutional shares to 330 bps for Class C shares, according to the filing.

Earlier this week,�MME�reported that�Morgan Stanley�announced that its Alternative Investment Partners (AIP) group had rolled out the�AIP Dynamic Alternative Strategies Fund, its first mutual fund.

Co-portfolio managers for Goldman Sachs fund,�Jason Gottlieb�and�Ryan Roderick, sit within GSAM�s Alternative Investments & Manager Selection (AIMS) group. AIMS manages over $120 billion of client assets for sovereign wealth funds, pension plans, governments, financial institutions, endowments, foundations and family offices.

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Goldman’s Alt Fund Takes Shape

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Baldwin Brothers Launches Sustainable Wealth Management Platform

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Dividend Paying Companies Dominate IPO Activity in 1Q

Amid the 31 initial public offerings that took place in the first quarter, one key theme emerged: a new hunt for yield, according to a new report from Renaissance Capital. more »

Tax-Deferred Annuities Gain Appeal

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Man Fund-of-Hedge-Funds Unit Expects Best Return Since 2009

Financial Risk Management Ltd., a unit of the world’s largest publicly traded hedge-fund manager Man Group Plc, may see the best return from its multistrategy funds of funds since 2009, said its chief investment officer. more »

Principal Ventures Into Hedge Funds

Principal Global Investors is betting big on alternatives. more »

Bank Reps on the Move

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New Hedge Fund Deposits to Triple

Hedge fund assets worldwide may increase 11% to $2.5 trillion by year-end, according to the survey by the Germany’s largest bank. more »

ETF Newsline: Market Growth

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