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 Video special: what Scottish DFMs think of SNP election flop

Video special: what Scottish DFMs think of SNP election flop

As delegates gathered for Citywire Scotland, we asked them their take on the election.

Play Keith Skeoch: 'passive has a part to play'

Keith Skeoch: 'passive has a part to play'

In the third part our series, Skeoch outlines his vision for Standard Aberdeen.

2 Comments Play Keith Skeoch: why I believe markets will make 'substantial returns'

Keith Skeoch: why I believe markets will make 'substantial returns'

In an exclusive interview, Standard Life CEO Keith Skeoch tells us why he takes an optimistic view on markets just about everywhere.

Read More
Your Business: Cover Star Club

Profile: Rathbones' fund boss on spotting emerging talent

1 Comment Profile: Rathbones' fund boss on spotting emerging talent

A great fund manager is really easy to spot, says Mike Webb, chief executive of Rathbones Unit Trust Management

Wealth Manager on Twitter