Goldmans US mid-cap fund launch

Goldman Sachs Asset Management is adding a mid-cap US growth fund to its Luxembourg Sicav. The fund, run by Steve Barry and Ernie Segundo, invests in companies with a market cap between $1bn and $10bn and will attempt to outperform the S&P 400. The fund is researched by the same 20-strong team that manages the group's large-cap US fund and $20bn of mid-cap money. Andy Pyne, product manager growth equity strategy at Goldman Sachs, wants to provide investors with the opportunity for good diversification from the large caps that dominate the US market. As an example, he points out that the a...