Hedge Funds

Goldman Sachs defends its fund of funds offering

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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 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