Goldman Sachs unexpectedly announced that Chris Lvoff, comanager on Goldman Sachs Satellite Strategies since April 2017, will leave the firm in June 2021. His responsibilities on the fund have been assumed by Siwen Wu, who joined Goldman Sachs about 10 years ago and has focused on multi-asset class portfolio management in recent years. Wu will work closely with Neill Nuttall, CIO of the firm’s multi-asset group and comanager of the fund since February 2019.
Goldman Sachs Satellite Strategies Instl GXSIX
NAV / 1-Day Return
9.13
/
0.22
%
Total Assets
130.9 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.010%
Expense Ratio
1.010%
Fee Level
Above Average
Longest Manager Tenure
2.68
years
Category
World Allocation
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
Low / ModerateStatus
Open
TTM Yield
1.95%
Turnover
5%
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Morningstar’s Analysis
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The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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Manager Departure at Goldman Sachs Satellite Strategies
