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 to soft close Star China fund

GAM to soft close Star China fund

Gam is to soft close Citywire + rated Michael Lai’s GAM Star China Equity fund, which currently runs $2.42 billion, once assets pass $2.6 billion (£1.56 billion).  

‘Due to the strong performance of the fund, once the fund's assets under management reach  $2.6 billion, only existing investors and new clients in the final stages of the due diligence process who have been approved by the administrator may make further contributions to the fund,’ it said.

Lai (pictured) has been a stand-out performer over the last 12 months, returning 11.18% over the period versus an 8.28% loss on the MSCI Zhong Hua benchmark.

The fund is currently first of 15 funds over three years in its Equity – China sector.

Speaking to Wealth Manager at the beginning of 2013, Gavin Haynes of Whitechurch Securities in Bristol tipped GAM Star China as one of his core picks in the sector

‘[Lai] takes a high conviction, aggressive investment approach with no constraint, running a focused portfolio of around 40 stocks,’ said Haynes.

‘His focus on quality, pricing power and making important top down thematic calls has seen the fund outperform in rising markets and hold its own in trickier times.’

 

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 On the Road Challenge: snowboarding with Rathbones' Klemme

On the Road Challenge: snowboarding with Rathbones' Klemme

Suzie Bliss snowboards at the Hemel Hempstead SnowCentre with Camilla Klemme from Rathbones.

The 10 most popular Wealth Manager videos in H1

The 10 most popular Wealth Manager videos in H1

Citywire Wealth Manager reveals which interviews and insights got readers clicking over the first six months of 2017

1 Comment Play Brexit won’t break us, says Janus Henderson co-CEO

Brexit won’t break us, says Janus Henderson co-CEO

VIDEO: In the third part of our exclusive series, Andrew Formica offers his opinions on the role politics will play in the AM industry's future.

Read More
Your Business: Cover Star Club

Profile: a Williams de Broe vet on striking out from Investec

Profile: a Williams de Broe vet on striking out from Investec

Laurence Boyle and his team became ‘somewhat of an oddity’ within Investec after joining via its acquisition of Williams de Broë

Wealth Manager on Twitter