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GAM Star Credit Opportunities (GBP) GBP Inc

Ranked 9 out of 62 in - Sterling Strategic Bond over 12 months
All calculations are in GBP unless stated

Managed by

Anthony Smouha

Anthony Smouha is Chief Executive Officer of ATLANTICOMNIUM S.A. and is adviser to multiple GAM bond funds. ATLANTICOMNIUM S.A. specialises in bond portfolio management. Prior to joining ATLANTICOMNIUM S.A. in 1992, Mr Smouha was senior vice president, head of bond trading and sales at Soditic SA/SG Warburg Soditic SA, Geneva. Prior to this, he was at Credit Suisse First Boston in London. Mr Smouha was educated at Harrow School and holds an MA Cantab Hons in Economics from the University of Cambridge. He is based in Geneva.

Objective

The investment objective of the Fund is to achieve long-term capital gain in Sterling through investment principally in income bearing or accruing securities with fixed principal amounts including government bonds, corporate bonds, junior debt securities, preferred shares, convertible securities and contingent capital notes.

Showing fund performance in United Kingdom View performance globally

Performance

Sterling Strategic Bond over : 30/04/2015 - 30/04/2016
  • Rank 9/62 Total Return
  • Rank 36/62 Standard Deviation
  • Rank 34/62 Max Drawdown
Fund Name Currency Return
7 Henderson Secured Loans Y Inc Gross GBP

2.2%

8 M&G Offshore Optimal Income I Inc GBP

2.2%

9 GAM Star Credit Opportunities (GBP) GBP Inc GBP

1.9%

10 RBS High Yield GBP

1.8%

11 Scottish Widows Strategic Income A Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

1.7%

Total Return

Quarterly Performance

to 31/03/2016 Annual Q1 Q2 Q3 Q4
2016 0.2%
2015 4.5% 4.3% -0.5% 0.0% 0.7%
2014 11.9% 4.4% 4.3% 1.0% 1.7%
2013 12.3% 4.7% -0.3% 3.4% 4.0%
2012 26.5% 7.5% -1.0% 7.7% 10.4%
2011 1.9%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/11/2015

Top 10 Holdings

Stock Size
GBP Cash 5.03
Lloyds Bank PLC PERP 4.63
GBP/USD Forward Contract 2.62
Coventry Building Society PFD 2.61
GBP/EUR Forward Contract 2.43
Investec Bank plc 9.625% 17-Feb-2022 2.33
General Accident PLC PFD 2.30
Bank of Ireland FRN Perp 2.23
Enterprise Inns PLC 6.375% 26-Sep-2031 2.12
BHP Bill Fin 6.500% 22-Oct-2077 2.04
30/11/2015

Registered For Sale In

  1. Austria
  2. Finland
  3. France
  4. Germany
  5. Ireland
  6. Netherlands
  7. Norway
  8. Spain
  9. Sweden
  10. Switzerland
  11. United Kingdom

Fund Info

  • Launch date12/07/2011
  • Share Class size282Mn
  • Base currencyGBP
  • ISIN IE00B5870639

Purchase Info

  • Min. initial investment6,000
  • Min. regular additional investment0

Charges

  • Annual management1.50%

Related News

AAA-rated Smouha: the unseen arbitrage in bank bonds

Investors are missing out on an historic opportunity to arbitrage pre-crash banking sector paper

GAM star: all the black swans have gone

Jeremy Smouha, chief executive of Atlanticomnium and manager of the GAM Star Credit Opportunities fund, has argued that government action has inoculated financial systems from contagious catastrophes.

GAM credit opportunities manager fears for mainstream bonds

GAM Credit Opportunities manager Anthony Smouha is backing sub-ordinated debt and discounted floating rate notes in what he expects to a difficult time for maninstream bonds.

GAM co-founder to launch UK office for Swiss boutique

GAM founding member and director Jeremy Smouha has left the firm to launch a UK office for Swiss-based corporate bond specialist Atlanticomnium.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).