GSAM To Roll Out New Hedge Fund

Goldman Sachs Asset Management is seeking to launch a new fund of hedge funds that will invest in smaller, undiscovered managers.

Goldman Sachs Asset Management (GSAM) is seeking to launch a new fund of hedge funds that will invest in smaller, undiscovered managers, Financial News reports. The asset management firm is also raising capital for the new fund.

The new portfolio will be run out of New York by a team led by managing director in hedge fund strategies, Ryan Roderick. GSAM is also raising funds for a seeding portfolio that will invest in new managers, led by portfolio manager, Ali Raissi.

Click here for the story from Financial News.