Geneva-headquartered GAM, one of the world’s leading FoHF firms, has launched a UCITS III version of its Trading fund – the GAM Star Trading Fund.
Geneva-headquartered GAM, one of the world’s leading FoHF firms, has launched a UCITS III version of its Trading fund – the GAM Star Trading Fund. It is based on GAM Trading II, a BVI-domiciled fund of hedge funds that launched in April ’97. It focuses on discretionary macro and managed futures strategies and is headed up by David Smith, Chief Investment Director for GAM Multi-Manager and Arvin Soh. The Dublin-domiciled newcits will invest in a basket of 10 to 15 hedge funds. Unlike the offshore fund, which invests purely in external managers, GAM Star Trading will be able to invest up to 30 per cent in GAM’s internal stable of single manager UCITS funds. According to International Adviser, it had a 10 per cent position in one such fund at launch. Matthew Lamb (pictured), head of UK mutual funds at GAM said that the decision to launch the newcits was “very much client-driven”, adding that it was a neat way to get exposure to absolute return strategies “with the lowest correlation to equities”. Minimum investment is USD10,000 (GBP6,247).
