Zurich-headquartered global hedge fund investment firm, GAM, launched their UCITS III-compliant Star Dynamic Global Bond fund this month.
Zurich-headquartered global hedge fund investment firm, GAM, launched their UCITS III-compliant Star Dynamic Global Bond fund this month. The Dublin-domiciled fund began trading April 11 and is managed by Tim Haywood and Daniel Sheard. The fund will aim to outperform an index of developed global bond markets through the use of credit, FX, interest rate and inflation hedges reported FINAlternatives this week, in order to generate alpha and beta returns. The fund is currently weighted 33 per cent towards fixed income, 17.8 per cent global fixed interest, 15 per cent US fixed interest and 11 per cent European fixed interest. Haywood said that the aim was to produce an “attractive risk/return profile” by assessing defaults, inflation, duration and currency. Both qualitative and quantitative tools will be used dynamically to capture upside as investment themes evolve. “In parallel, the independent GAM market risk team conducts ongoing monitoring to identify risk ‘hot spots’ and ensure the focus remains clearly on achieving the fund’s long term objective,” said Sheard in the launch release. Minimum retail investment is USD10,000. The fund offers daily liquidity and trades in USD, GBP, EUR, CHF, JPY and SEK.
