Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

GAM takes stake in US alts manager as it eyes Ucits launch

GAM takes stake in US alts manager as it eyes Ucits launch

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.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Taxicab Tenner: AXA IM's Nicolas Trindade

Taxicab Tenner: AXA IM's Nicolas Trindade

After a summer break, it is the turn of AXA Investment Manager's Nicolas Trindade to give a £10 view of how fixed income is faring.

Play Wealth Manager Olympics: the Relay

Wealth Manager Olympics: the Relay

In the final round of the Wealth Manager Olympics, our intrepid athletes team up for the relay.

Play Wealth Manager Olympics: the Shot Put

Wealth Manager Olympics: the Shot Put

After busting a gut in the 100m sprint, our wealth manager Olympians displayed their brute strength in the shot-put.

Read More
Your Business: Cover Star Club

Profile: gearing up for the shift from consolidation to start-ups

Profile: gearing up for the shift from consolidation to start-ups

‘I think the industry is evolving rapidly, but not necessarily as a whole,’ says the head of recently launched Charles Nicholson AM

Wealth Manager on Twitter