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GAM Star Credit Opportunities (GBP) GBP Inc

Ranked 12 out of 61 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.


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


Sterling Strategic Bond over : 31/12/2015 - 31/12/2016
  • Rank 12/61 Total Return
  • Rank 50/61 Standard Deviation
  • Rank 24/61 Max Drawdown
Fund Name Currency Return
10 Baillie Gifford Corporate Bond A Inc GBP


11 Goldman Sachs Sterling Broad Fxd Inc Pf Base GBP GBP


12 GAM Star Credit Opportunities (GBP) GBP Inc GBP


13 Aviva Investors Managed High Income SC 1 Inc

Currency exposure is hedged

Currency exposure is hedged



14 RBS High Yield GBP


Fund Name Currency Risk
48 Scottish Widows Strategic Income A Acc

Currency exposure is hedged

Currency exposure is hedged



49 St James's Place Corporate Bond L Acc GBP


50 Old Mutual Bond 1 A GBP Inc GBP


50 GAM Star Credit Opportunities (GBP) GBP Inc GBP


52 Santander MM Bond Monthly Income Ret Acc GBP


Total Return

Quarterly Performance

to 30/12/2016 Annual Q1 Q2 Q3 Q4
2016 9.9% 0.2% 1.9% 7.9% -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



Top 10 Holdings

Stock Size
Lloyds Bank PLC PERP 6.52
Old Mutual PLC 7.875% 03-Nov-2025 3.35
Legal & General Group PLC PERP 2.91
Prudential PLC 5.700% 19-Dec-2063 2.85
Bank of Ireland FRN Perp 2.32
BHP Bill Fin 6.500% 22-Oct-2077 2.24
Coventry Bldg PERP 2.18
Aberdeen Asset Management PLC PERP 2.04
HSBC Holdings PLC PERP 2.04
Brit Insurance 6.625% 09-Dec-2030 2.01

Registered For Sale In

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

Fund Info

  • Launch date12/07/2011
  • Share Class size425Mn
  • Base currencyGBP
  • ISIN IE00B5870639

Purchase Info

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


  • Annual management1.50%

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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).