Goldman Launches Multi-Manager Alternatives Fund

Goldman Sachs Asset Management (GSAM) has launched the Goldman Sachs Multi-Manager Alternatives Fund to bring alternative investments to a wider investor base.

According to Goldman, the fund offers exposure to a range of alternative and nontraditional investment strategies within the structure of a mutual fund. Goldman expects the fund to invest in a wide range of strategies, including equity long-short, dynamic equity, event-driven and credit, relative value, tactical-trading, and opportunistic fixed income strategies.

“We believe today’s complex markets require sophisticated investment techniques that can enhance a traditional portfolio, and bring investors closer to their long term goals,” said Jason Gottlieb, the fund’s co-portfolio manager. “We are excited to offer investors the Goldman Sachs Multi-Manager Alternatives Fund to complement core portfolio holdings, by providing a comprehensive alternative investment solution that may improve risk-adjusted returns and diversify a portfolio.”

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Co-Portfolio Manager Ryan Roderick added, “We look forward to extending the capabilities of our large team and our experience in manager selection, portfolio construction and risk management to the daily liquid alternatives market. We believe our dedicated alternatives expertise, combined with GSAM’s established mutual fund business, will provide a differentiated solution for our investors.”

The fund is offered in Class A and Class C Shares, both with $1,000 minimum initial investments. It also offers Institutional, Class R and Class IR Shares.

For more information about the fund, call 1-800-526-7384 or visit the GSAM website at http://www.gsam.com.

Summer Vacation Planning Gets Under Way

The summer vacation is alive and well for almost half the Americans surveyed by the vacation site DreamPlanGo in Hopkins, Minnesota.

Forty-two percent of survey respondents who are planning to travel also said they have plans for a family trip, with such national parks as Yosemite, Yellowstone, Glacier and Acadia mentioned “frequently.” Many travelers also mentioned South Dakota and beaches.

More than a quarter (26%) of respondents said, however, that a weekend escape is the longest they can manage, and three-quarters of respondents said prices for gasoline and airline travel were not going to alter summer travel plans.

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Among the top five trip ideas are adventure travel (13%), romantic getaways (11%) and girls’ or guys’ getaways (8%).

Among other findings:

  • 64% of respondents plan to drive to their summer destination, and 28% of travelers say they will fly this summer, with Alaska, Ireland, Paris, Belize and Costa Rica as popular destinations.
  • 41% of respondents said a hotel or motel was their lodging choice, with bed-and-breakfasts and inns preferred by 7% of travelers.
  • 15% of those surveyed plan to camp in a tent, trailer or RV, and 14% said they’ll stay at a resort, cabin or cottage, often near a lake or beach.
  • Nearly a quarter of those surveyed (23%) plan to lodge with family and friends at some point in their travel.

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