GSAM launches global absolute return fund

Multi-asset manager Nuttall to lead portfolio

Goldman Sachs Asset Management (GSAM) has launched a global absolute return fund, in response to demand for outcome-oriented products.

Neill Nuttall (pictured) and other members of the company's multi-asset team will manage the Goldman Sachs Global Absolute Return Portfolio, which seeks to achieve consistent returns that are "less dependent on the direction of traditional markets". Why partnerships are key to GSAM's ambitions Head of international third party distribution at GSAM Nick Philips said: "Investors are becoming more focused on funds that seek to deliver specific investment outcomes.  "Following a period of strong returns across equity and bonds, investors are increasingly looking toward absolute retu...