Goldman Portal Launches Fund Tracker
A press release entitled, "Goldman Sachs Asset Management Updates Risk Management Platform," says, "Goldman Sachs Asset Management announced today the launch of the new "Fund Tracker" feature, the latest addition to its suite of Risk Management solutions on the Goldman Sachs Global Liquidity Services Portal. This launch signifies GSAM's continued commitment to provide its clients with heightened transparency and risk management tools. GSAM has enhanced its global, multi-fund family online liquidity tool with the "Fund Tracker," a feature that aims to help corporate treasurers and banks better evaluate funds in a changing regulatory environment. In July 2014, the Securities and Exchange Commission announced new rules regulating money market mutual funds. Under the new rules, institutional prime funds will be required to float their daily Net Asset Values and all funds other than government funds must have liquidity fee and redemption gate features that can be implemented at certain liquidity levels. All funds will be required to increase transparency into their portfolios through more frequent holdings disclosure. While the new fund regulations do not change the risk profile or minimum investment requirements of money market funds, they do introduce new fund features and additional portfolio information that money market fund investors may take interest in monitoring and understanding in greater detail than in the past. The "Fund Tracker" offers a deeper look into money market fund metrics that hold increased importance as investors prepare for implementation of the new rules, such as funds' market value NAVs and daily and weekly liquidity levels. Clients can view these data points in the context of other fund analytics, such as portfolio assets, interest rate risk measures, and performance. Visual analytics, insights from GSAM portfolio managers, and proactive notifications are all features aimed to equip multinational corporations and financial intermediaries to understand funds' positioning today so they can be better prepared for implementation of the new regulatory changes." Kathleen Hughes, Managing Director and Head of the Global Liquidity Sales team, comments, "Leveraging over 30 years of experience managing risk in money market funds, GSAM continues to help corporate treasurers better understand their portfolios. This is another tool we are providing clients in response to feedback that they wanted a more centralized and consistent way to see risk exposures and monitor fund metrics. Investors have many questions about how regulatory reform will affect them. With these added metrics, and new original, written content, we hope to better guide institutional investors in this ever-changing investment landscape."
