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Goldman Sachs Launches A Retail Hedge Fund

Goldman SachsNew York (HedgeCo.Net) – Goldman Sachs has said that it is launching the Goldman Sachs Long Short Fund (GSAM), a hedge fund strategy that is structured under a regular mutual fund, 24/7 Wall St. reports today.

The hedge fund is offered in Class A and C shares with $1,000 minimum initial investments. The Fund also offers Institutional, Class R and Class IR Shares. GSAM seeks high conviction investment ideas in global equity markets through a fundamental, bottom-up approach to investing while seeking to hedge market risk and limit volatility, Goldman said.

“We seek to identify secular changes in industries, markets and consumer behavior that will positively or negatively impact companies.” Raanan Agus and Kenneth Eberts, co-heads of the Goldman Sachs Investment Strategies (GSIS) portfolio management team. “We are typically looking for investment opportunities with asymmetric risk/return profiles and identifiable catalysts. 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 and led by Messrs. Agus and Eberts, who each have more than 20 years of investing experience.

Alex Akesson
Editor for HedgeCo.net
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