Swiss investment manager, GAM, who launched its first fund of hedge funds in 1989, is to launch two UCITS III-compliant fund of funds for its head of private clients and po
Swiss investment manager, GAM, who launched its first fund of hedge funds in 1989, is to launch two UCITS III-compliant fund of funds for its head of private clients and portfolio management, Graham Wainer, reported Citywire this week. The two funds will be: GAM Star Composite Global Equity and GAM Star Composite Equity and Trading. The latter, according to Wainer, will be attractive to investors looking for higher returns “from two risk asset classes with differing characteristics”. He added that since ’08, the most robust, reliable hedge fund strategy has been trading/discretionary macro. It is believed that the portfolio’s construction will be roughly even. “We found that the 50 per cent trading and 50 per cent equity formula worked really well,” said Wainer. The Global Equity fund will be a more conventional portfolio whose underlying funds will be GAM equity strategies.
