Stay connected:
Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a650802
GAM takes stake in US alts manager as it eyes Ucits launch
Markets
by Sarah Miloudi on Jan 14, 2013 at 14:37
GAM has taken a stake in QFS as it looks to team up with the US alternatives manager to expand its offhshore Star fund range.
David Solo, GAM's chief executive officer, said the partnership is consistent with its strategy of expanding its best offering of single manager alternative strategies.
'We are convinced [QFS'] experience in managing liquid, non-correlated and high-performing strategies will prove highly appealing to our sophisticated investor base,' Solo explained.
GAM's stake represents only a minority interest in QFS but the deal will see it take on responsibility for distribution. Once it has been formally signed off GAM plans to launch a Ucits offering based on QFS' flagship currency strategy, which since its inception in 1993 has delivered annualised net returns of 10.75%.
The new strategy will sit in GAM's existing Star range and GAM take charge of the global distribution and marketing of the strategies managed by QFS.
News sponsored by:
Subscribe to Wealth Manager to get the inside track on your rivals' moves
Keep up to date with how your peers are allocating their clients' assets by subscribing to Wealth Manager magazine.
Today's top headlines
Aberdeen Live supplement: Fundamentals point to ongoing flows and solid returns from EMD
After a record year for inflows and market-leading performance in 2012, emerging market debt has taken a large step towards the mainstream. Our recent debate covers the outlook for the asset class this year and where opportunities can be found.
On the road
Click here to find out more from the Audience Development team.
leave a comment
Please sign in here or register here to comment. It is free to register and only takes a minute or two.