Goldman’s new long/short fund set to raise $6 billion

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Goldman Sachs’ new high-profile long/short equity fund, which is expected to begin trading on February 1, will likely raise about $6 billion.

The fund, called Goldman Sachs Investment Partners, will be managed by Raanan Agus, head of the principal strategies group, and Kenneth Eberts, who has been managing U.S. investments for the principal strategies group.

The fund will invest up to three-quarters of its assets in the United States and between 10% and 30% in Asia, according to Bloomberg. Some 10% is earmarked for corporate credit. The fund will employ a sidepocket to hold as much as 10% in illiquid investments.

Agus and