Goldman Sachs defends its fund of funds offering
July 28, 2010
Lawrence Delevingne
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 much. 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 funds model. In fact, the fund of funds unit has consistently grown its business since the financial crisis and...
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