Bainbridge acquires three GAM alts strategies

Bainbridge Partners is to acquire three alternatives strategies from GAM Investments – GAM Opportunistic Credit, GAM Diversity and GAM Trading II – with combined assets of 80 million Swiss francs ($87 million), according to a report by Pensions & Investments.

The report cites Bainbridge CEO Antoine Haddad as confirming the transfer, which is expected to be completed at the end of March.

The three funds are all moving from GAM's $200 million alternative investment solutions platform, which the firm announced in November of last year that it was planning to close and return assets to investors.