Sat, Dec 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Goldman Sachs raises $58m in first month of its 'hedge fund for the masses’

Thursday, June 06, 2013

From Komfie Manalo, Opalesque Asia – Less than a month after introducing its "hedge fund for the masses," Goldman Sachs asset management arm’s (GSAM) Multi-Manager Alternatives Fund raised $58m from interested retail investors, reported Trefis.

The fund, the first of its kind that allows the masses with $1000 to spare to invest into hedge funds that are traditionally reserved for the ultra-rich, was launched by Goldman Sachs last month, and has generated significant interest from the industry resulting in a considerable amount of assets generated since its launch, the report said.

Although the amount is nowhere near the $748bn in assets that GSAM managed at the end of Q1-13, it proved that there is a big demand for high-yield products among retail investors that are still untapped by most large fund managers. The report suggested that it would not be a surprise if other financial giants like Morgan Stanley, Bank of America, and UBS offer a similar product in the near future.

The report said, "What remains to be seen is how the market reacts to the offering over the coming months - something that will almost entirely depend on the performance of this fund. If it were to prove successful, then we should see more demand for similar funds from Goldman in the years to come - helping it amass more assets under GSAM."

In mid-May, GSAM annou......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und

  5. Performance - Lansdowne, Man Group, other hedge funds profit from shorts in oil, Turmoil boosts hedge funds that bet against Russia, oil, CTAs post strongest returns since December 2010[more]

    Lansdowne, Man Group, other hedge funds profit from shorts in oil From Valuewalk.com: The rising short interest in oil companies implies that the worst for oil is yet to come. Data from Markit shows that short exposure in energy sector of S&P 500 is still looming close to the highest mar