Goldman Sachs Asset Management and Rajiv Jain’s GQG Partners boutique have unveiled a global equity fund, the firms have announced.
The long-only GQG Partners Global Equity Portfolio will be managed by Rajiv Jain, who was co-CEO and CIO at Vontobel Asset Management before starting his own firm.
The new strategy will invest in an unconstrained portfolio of 35-70 global companies with long-term growth prospects.
Aside from Jain, the investment team includes professionals with non-traditional backgrounds, such as investigative journalism and forensic accountancy, in order to provide diverse insights into the investment process.
The strategy will be a new sub-fund of the Ucits-qualifying, Luxembourg-domiciled Goldman Sachs Funds SICAV, and will be available for both institutional and retail clients.
This fund launch is not the first cooperation between Goldman Sachs and GQG Partners. The two companies introduced the Goldman Sachs GQG Partners International Opportunity fund in December 2016, which currently has $482 million under management.
Commenting on the cooperation, the spokesperson of Goldman Sachs Asset Management said:
‘Rajiv has become a trusted partner of the firm, helping to manage our clients’ assets for almost a decade. Through offering global developed and emerging market equity exposure in one product, we believe his investment strategy will further help clients achieve their long-term goals.’
Earlier in May this year Jain gave exclusive rights to distribute his GQG Partners Emerging Markets Equity Ucits fund in Switzerland and Singapore to EFGAM.