Hedge Fund News From HedgeCo.Net

Goldman’s Quants Court Advisors After Shutting Hedge Fund

Advisor One – A year after shutting its fallen-star hedge fund and replacing its quantitative investment strategies group head, Goldman Sachs Asset Management is back on track with a successful risk-management fund that targets RIAs as investors.

The Goldman Sachs Dynamic Allocation Fund (GDAFX), which is set to hit the three-year mark this coming January after an early 2010 launch, is a solid contender within Morningstar’s world allocation category, with $1.3 billion in assets, 1.39% in expenses and a year-to-date return of 8.45% as of Monday.

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