OHA fund manager reports 25.8% gain

Advertiser Staff

Native Hawaiian trust money being invested by Goldman Sachs Asset Management has shown a net increase of almost 25.8 percent, or $33 million, since the fund was created almost a year ago, according to a report the company prepared for the

Office of Hawaiian Affairs board of trustees.

The presentation, made Wednesday to trustees, follows last week's report of a 28.7 percent increase by Russell Investment Group, which manages the other half of the trust fund that pays for OHA beneficiary programs.

The trust fund is made up of the $161 million managed by Goldman Sachs and the Russell portfolio, valued at $164 million.

Both groups have proposed diversifying the investments by shifting some money to the private equity sector. The decision a year ago to divide the fund between two competing management firms has proved profitable so far, they said.