“High conviction” Masters of the Universe sale
Goldman Sachs Dynamic Opportunities Limited (“GSDO”) is a Guernsey registered closed-ended, fund of hedge funds which is listed and traded on the main market of the London Stock Exchange (“LSE”). GSDO launched in July 2006 and was the first closed-ended, exchange listed investment company managed by Goldman Sachs. GSDO represented the largest initial public offering of a fund of hedge funds listed on the LSE up to that point. GSDO is managed by Goldman Sachs Hedge Fund Strategies LLC (“HFS” [or Commodities Corp. to its really old friends]) which has 38 years of experience in allocating to alternative investment strategies. GSDO invests in a concentrated portfolio of high conviction managers. GSDO allocates to both core strategies such as relative value, event driven, tactical trading and equity long/short strategies as well as other niche strategies.
A 12-month chart for GSDO, the GBP-denominated (and largest, with its £182 million market cap accounting for about 75 per cent of the pool at Oct. 27) share class:
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And, for your edification, a 12-month view of the NAV premium-discount:
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As someone very wise once said, in bear markets they come for everybody sooner or later. And who might they be coming for? Allocations at Dec. 31 2007, the latest date for which information seems to be available, including the 0.14 percent holding in Amaranth International Ltd (good choice):
Click image for detailed view
More sordid details here. (US readers encountering the disclaimer page should feel free to lie to the pretend compliance qualifiers. I did.)
Thanks Simon, for the hedzzup and the screen grabs.
