United States:
Goldman, Blackstone Shuffle Subadvisers On Liquid Alternative Funds
16 March 2018
Kramer Levin Naftalis & Frankel LLP
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According to an SEC filing, Goldman Sachs removed New York-based
hedge fund New Mountain Vantage Advisers as a subadviser to its
$747.8-million Goldman Sachs Multi-Manager Alternatives fund,
effective March 19. Managed by Betsy Gorton, Kent A. Clark and
Robert Mullane, the fund will still have a roster of 15 subadvisers
after the change. Meanwhile, Blackstone added Endeavour Capital
Advisors and NWI Management as subadvisers to its $5.9-billion
Blackstone Alternative Multi-Strategy fund, bringing that
fund's number of subadvisers up to 20.
SOURCE
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