SocGen Plans to Launch US Equities Fund Managed by Goldman

Societe Generale SA’s asset management unit is in discussions with Goldman Sachs about setting up an investment fund focused on US equities, according to people familiar with the matter.

The fund could be launched as early as March and it would only be offered to France-based retail clients of Societe Generale Investment Solutions, the people said. The asset management unit of Goldman Sachs would operate the fund, which would be expected to oversee several hundred million euros, they said, asking not to identified discussing private information.