The joint announcement said the partnership would also help the Goldman Sachs Securities Division, of which GSFS is a part, to expand its alternative Ucits offerings in Europe as it aims to build assets under management over the next few years, primarily through institutional investors and financial intermediaries.
The partnership will see Amundi providing investment management and ongoing control and oversight solutions, by offering systematic strategies through alternative investment funds and Ucits platforms.
Amundi will also provide management, due diligence, and monitoring services to Goldman Sachs’ Ucits platform dedicated to external alternative fund managers.
Stefan Bollinger, the co-head for global sales strats and structuring at the Goldman Sachs Securities Division, which is separate to Goldman Sachs Asset Management, said the partnership demonstrated the division’s commitment to the fund market in Europe and beyond.
“We believe that Amundi’s scale, independence and experience combined with Goldman Sachs’ product expertise will create a cutting edge platform to meet the needs of existing and future clients of our firms,” he said.