According to Nick Phillips, head of international third party distribution for GSAM, investors are looking for alternative investments to “help diversify returns and reduce risk in their portfolio”.

The fund offers exposure to equity long/short, event-driven and credit, relative value and tactical-trading strategies and is open to institutional and retail clients. It also provides daily liquidity to investors and is UCITS-compliant. The fund is a sub-fund of the UCITS-qualifying Luxembourg-domiciled Goldman Sachs Funds SICAV. It is registered for sale across a range of European countries.

The alternative investments and manager selection group of the US firm will manage the fund. The group has 325 professionals over nine offices across the world, offering manager diligence, portfolio construction, risk management, and liquidity solutions to investors. The group manages over $180 billion of client assets. Across the whole of its business, meanwhile, the Wall Street-listed firm oversees $1.19 trillion of assets.