Products December 2, 2011

William Blair Introducing Fund

William Blair Funds launched the William Blair Macro Allocation Fund on November 29.

 

Reported by

The Macro Allocation Fund seeks long-term total returns by allocating within and across major liquid asset classes and currencies (including developed, emerging and frontier equity markets, developed and emerging market debt, nominal and inflation-protected sovereign bonds, mortgage-backed securities, corporate bonds and other opportunities).

The fund will be managed by Brian Singer, Edwin Denson and Thomas Clarke, members of William Blair’s Dynamic Allocation Strategies Team, a group that has worked together for more than 13 years, beginning at Brinson Partners (now UBS, at Singer Partners and now at William Blair).

The fund employs a global macro asset allocation strategy. This strategy attempts to exploit periodic market inefficiencies by taking long and short positions in various asset classes (e.g., equity, fixed income and currencies) with a view to profit from relative movements across and within such asset classes.

As a total return fund, it is designed to augment a strategic allocation with a tactical, dynamic view of markets and currencies, the company says. The fund managers believe an allocation to this fund will position a strategic portfolio to benefit from temporary tactical market dislocations over the course of a market cycle.

For more information, visit the William Blair Macro Allocation Fund website.

Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.

Deals & People December 2, 2011

Goldman Sachs’ Co-Head of Asset Management to Retire

Goldman Sachs’ co-head of asset management, Edward C. Forst, has announced his plans for retirement.   
Reported by

The announcement was made in an internal company memo, reports The New York Times. Forst is leaving the company after 16 years of service; his retirement is effective at the end of the year. Eric S. Lane will replace him.

Forst joined the firm in 1994 and ran a number of key divisions, including capital markets. In 2008, he left Goldman to manage the Harvard University endowment, but rejoined Goldman about a year later as a senior strategy officer. He took over asset management in 2010, replacing.

Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.

Lane will co-lead with Tim O’Neill, who has been co-head of the Investment Management Division (IMD) since 2008. Lane has been co-head of IMD since 2008. He has also served as chief operating officer of IMD since 2009. In that role, he had oversight for the Private Wealth Management, Alternative Investments, Capital Markets and Goldman Sachs Asset Management Distribution businesses. He is co-chair of the Firmwide Suitability Committee and a member of the Growth Markets Operating Committee and the IMD and Merchant Banking Division Client and Business Standards Committees.

Lane joined Goldman Sachs in 1996, and since 1999, has held a variety of senior positions in IMD. He was named managing director in 2001 and partner in 2002.  

«