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 unveils ‘tactical’ multi-asset fund

GAM unveils ‘tactical’ multi-asset fund

GAM has launched a fund that will invest across all asset classes to exploit mispricing opportunities.

The GAM Star Tactical Opportunities fund will be run by the firm’s managed portfolios investment team, which is headed by former Wealth Manager cover star Graham Wainer.

It will seek long-term capital appreciation by allocating across equities, fixed income, currencies, and indirectly in property and commodities. It will also employ long and short derivative instruments, which could entail the use of leverage, as well as relative value pair trades.

Although nominally unconstrained, the fund will observe certain caps to its weightings. These include a maximum of 30% in sub-investment grade bonds, 20% in other funds, 20% in convertibles, and 20% in commodities. GAM clarified too that ‘most’ of the fixed income exposure will come from developed market issuers.

The investment team will base its tactical allocations on market sentiment, macroeconomic conditions and corporate earnings estimates.

GAM explained that the team ‘employs a process of fundamental analysis to identify the opportunities and mis-pricing which occur across equity, fixed income and currency markets around the world’, and confirmed that it would draw on ‘a range of external resources as well as the expertise and knowledge of other specialist investment managers within the GAM group’.

The fund has a base annual fee of 0.75% on the institutional share class and 1.5% on retail classes, with a 10% performance fee.

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 JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: The adviser that tempted Robin Minter-Kemp on board

Profile: The adviser that tempted Robin Minter-Kemp on board

It is rare to meet an impassioned individual who is willing to bang the drum for investment advisory right now

Wealth Manager on Twitter