Goldman Sachs Asset Management is expanding its alternative investments team and introducing a new fund.

Nadia Papagiannis has been hired for the new role of director of alternative investment strategy for global third party distribution. Papagiannis will focus on educating GSAM clients about liquid alternatives and the role they play in portfolios.

She joins GSAM from Morningstar, where she was director of alternative fund research. Papagiannis was named a ‘Rising Star of Mutual Funds’ in 2011 by Institutional Investor.

GSMA has also added a new fund, the Goldman Sachs Fixed Income Macro Strategies Fund, to its alternatives platform. The fund will invest in U.S. and foreign investment grade and non-investment grade fixed income, currencies, commodities, U.S. Government securities and non-U.S. sovereign debt. The fund is offered in Class A and C shares with $1,000 minimum initial investments and also offers Institutional, Class R and Class IR shares.

“Fundamental changes taking place within global fixed income and currency markets create a range of untapped investment opportunities,” said Michael Swell, co-head of global portfolio management at GSAM and co-portfolio manager of the fund. “We set out to create a fund with the potential for less correlated sources of returns.”