A global macro trading team lead by Adrian Owens is joining global alternative investment manager Investcorp-Tages from GAM, with the team continuing to manage its existing GAM Star Global Rates UCITS fund, which will remain on the GAM UCITS platform .
Investcorp-Tages will become the delegated investment manager of the fund, which will be rebranded as the GAM Investcorp-Tages Global Rates Fund, with Owens and the two other members of the team – Rahul Mathur and Scott Watson – providing continuity in the fund’s investment strategy and portfolio management.
Beginning in early 2024, Investcorp-Tages will also develop and launch new funds and managed accounts with Owens and the team utilising the same historic investment process.
Owens has over 35 years of industry experience, having originally joined Julius Baer in 1995 before moving to GAM in 2009. Mathur meanwhile, has 17 years of investment experience and joined GAM in 2010, while Watson has 12 years of investment experience and joined GAM in 2006.
Investcorp-Tages is active across the hedge fund spectrum, including external hedge fund investments and hedge fund seeding. With respect to internally managed strategies, in September, Investcorp-Tages announced that the Engadine European Long-Short Equity team had joined the firm, bringing a strategy that has been managed since 2016.
Investcorp-Tages has also managed the Paladin tail hedging strategy since 2018, so the hire of Owens and his team brings the number of internally managed strategies to three, each with its own dedicated investment offerings.