Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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 Navigating geopolitical risk with ETFs

Navigating geopolitical risk with ETFs

ETFGI’s Deborah Fuhr on how investors can use exchange-traded funds to position their portfolio.

Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Your Business: Cover Star Club

Profile: How David Esfandi is shaping Canaccord Genuity WM

Profile: How David Esfandi is shaping Canaccord Genuity WM

After six months as chief executive of Canaccord Genuity David Esfandi's ambitions are taking shape

Wealth Manager on Twitter