Goldman Sachs defends its fund of funds offering
By Lawrence Delevingne
Wed Jul 28, 2010
AR spoke with Kent Clark and Chris Kojima, co-heads of Goldman's fund of funds unit. They say bad press hasn’t hurt business.
Goldman Sachs Asset Management is doing fine, thank you very
Clients continue to invest in hedge funds via Hedge Fund
Strategies — Goldman’s fund of funds unit
within the $65 billion Alternative Investments & Manager
Selection group — despite bad press for the bank
generally and a backlash by many investors against the fund of
In fact, the fund of funds unit has consistently grown its
business since the financial crisis and through its public
relations debacle stemming from now-settled Securities and
Exchange Commission allegations of misleading clients. Since
early 2009, Goldman’s Hedge Fund Strategies assets
have increased roughly 13% to around $21 billion in assets
today (the bank does not comment on performance or even name
Goldman says its fund of funds team is the "largest, deepest,
and strongest" in its long history, with more than 100
professionals, 40 of them on investment and...
ISSN: 2151-1845 / CDC10004H
TAKE A FREE TRIAL
The full contents of this article are available to Absolute Return subscribers and trialists only.
To continue reading please, take a free trial, subscribe or log in.
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.