GLC, the London-based hedge fund firm with $1.3 billion assets under management, is the first third-party fund manager to launch a fund on the Goldman Sachs International UCITS platform.
The Luxembourg-domiciled SICAV is launching two sub-funds managed by GLC – a global macro fund and an equity statistical arbitrage fund. The strategies have combined assets under management of $44.8 million.
Goldman is also working with several other external managers for launch later this summer/autumn.
James Paradise, global co-head of prime brokerage at Goldman Sachs, said: “We believe that the platform offers our hedge fund manager clients an innovative solution