Goldman's ART product likely to have high appeal

Let's face it: Hedge fund returns have matured. We are seeing some funds do a little innovating to acknowledge the demand for a low cost product that just might provide comparable returns. Following the lead of Merrill Lynch, Goldman Sachs has drawn attention with its new Absolute Return Tracker, which uses an algorithm to simulate investments in equities, debt, commodities, fixed income and volatility. This is basically a high-concept index hedge fund that will likely appeal to many who see the benefit in the low cost. ART will charge about a 1 percent management fee. It appears as though it will not take a cut of the profits. As people get real about hedge fund returns, we're going to see a lot of innovation in this area.

For more:
- here's an Investment Dealers' Digest article (For FierceFinance readers)
Also: Technical indicators for Goldman weakening. Article