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
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:
As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
Today's top headlines
With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop
More about this:
On the road
by James Phillipps on Jul 25, 2014 at 14:49