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Goldmans soft-closes $650m small-cap fund

Goldmans soft-closes $650m small-cap fund

Goldman Sachs Asset Management has soft-closed its Global Small Cap CORE Equity Portfolio after exceeding $650 million (£505 million) in assets under management. 

The Goldman Sachs Global Small Cap CORE Equity Portfolio is managed by Citywire A-rated Osman Ali, who sits within the company’s quantitative investment strategies team.

The fund was formally closed to new investors on 16 November but remains open to existing investors.

A spokesman for the group said the soft closure was a reflection of the strong client demand the fund had experienced.

Goldman Sachs AM added that the fund sits within the wider global and international small-cap strategies range, which has more than $6 billion in assets under management.

Ali has overseen the fund since its launch as a Luxembourg-domiciled vehicle. It has returned 30.3% in US dollar terms over the three years to the end of October 2018. This is while its Citywire-assigned benchmark, the S&P Global SmallCap TR USD, rose 26% over the same timeframe.

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