Launches & Closures

Goldman decides to shutter London-listed FoHF vehicle


Goldman Sachs Dynamic Opportunities Limited ended 2011 by calling it a day for its Guernsey registered closed ended fund of hedge funds, which it listed on the London Stock Exchange in July 2006. At the time, the Goldman Sachs sponsored fund was the largest initial public offering of a funds of hedge funds raising $507 million.

The decision to close has come because the fund had been trading at a discount to net asset value that after 12 months triggered a decision to vote on the fund’s future. The board, which includes Christopher Sherwell, ex-Schroders, believed it was