The Goldman Sachs JBWere Multi-Strategy Funds (the Funds) are Australian domiciled unit trusts designed to provide exposure to hedge funds using a multi-manager, fund of hedge funds approach.
The Funds’ strategic approach involves allocating investments across the full range of strategies depending on where the best opportunities can be found. This wil involve the investment of at least 95% of its assets into the Multi-Strategy Funds. The Funds focus on risk management by diversifying across hedge fund managers and strategies, and exposure to changes in the A$/US$ cross rate is hedged.
The Funds may appeal most to investors seeking diversification in a traditional investment portfolio through an exposure to an alternative asset class. It may also be suitable to those wanting to preserve their capital while also having substantial exposure to periods of strong performance in the global equity market.
The Goldman Sachs JBWere Multi-Strategy Funds aim to serve investors’ interests through:
- Providing a return that equals or exceeds the long-term returns of global equity markets but at a lower level of risk.
- Capturing two-thirds or more of market rises
- Limiting involvement in falling markets to one-third over the long term
Key benefits:
- A highly experienced investment management team: GS JBWere Asset Management has enlisted Federal Street Inc as the manager of hedge fund managers. Research and portfolio management is undertaken by Federal Street Inc to ensure a strong investment process is in place. The boutique firm is internationally renowned for its selection of premium hedge fund managers.
- Global diversification: Federal Street’s wide-reaching network will be essential in sourcing and evaluating high quality investment opportunities around the world.
- Proven risk/return track record: Since July 2002, the Funds have been meeting their objectives and outperforming its MSCI benchmark by approximately 4% pa.
Lonsec has given the JBWere Multi-Strategy Funds a rating of "Recommended".