The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Restieri Shares GSAM's Plan for Growing Alts Not Rated 5.0 Email Routing List Email & Route  Print Print
Tuesday, October 29, 2013

Restieri Shares GSAM's Plan for Growing Alts

Reported by Tommy Fernandez

Sometimes, paying your dues pays off.

At least that's the philosophy Goldman Sachs [profile] is following as its works to grow sales in its alternative investments business.

"It is about taking our expertise in alternatives—in the hedge fund, private equity and long-only space—and putting it in a package that makes sense for mutual fund investors," said Larry Restieri, head of alternative sales for Global Third Party Distribution within Goldman Sachs Asset Management (GSAM).

Regarding Goldman's alts operations, Restieri had this to say:

GSAM has been in the alternatives business for a very long time. Our AIMS [Alternative Investment & Manager Selection] Group manages one of the largest and most respected fund-of-funds platforms and serves many of the world’s leading institutions.

Our liquid alternatives business marries these manager relationships and due diligence expertise with our large and robust mutual fund platform.

Demand for these alts come from investors who want more stability, he said.

Investors have developed concerns, and rightfully so, about rising rates and their fixed income investments. They also have concerns about volatility in the equity markets. Alternatives can be a tool to manage these risks.

Bringing the portfolio benefits of alternatives to a broader array of clients is really a natural evolution for us.

A key element of alt sales will have to be education, according to Restieri.

The most critical part of this business is education. While we have been in alternatives for 50 years, a lot of investors are new to this category. We are very focused on providing investors with education on these new tools, and how they can benefit their portfolio. We want to people to understand the risks involved, as well.

Restieri said that "I would expect us to continue to expand the platform to serve clients’ growing needs in the space."

“We continually examine expanding our platform, whether through organic growth or through our open-architecture solutions,” he said. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use