Swiss fund house GAM Investments has launched a dynamic credit strategy on its Systematic platform.
The product aims to outperform global credit markets on an absolute and risk-adjusted basis over the cycle, but with downside risk mitigation.
It will take long positions in credit markets and respond to less benign markets by reducing exposure to, or even shorting, credit and taking long positions in safe haven fixed income.
The new credit strategy complements the platform’s existing suite of systematic strategies, which spans equities, fixed income, multi-asset and alternatives.
Anthony Lawler, co-head of GAM Systematic, said: “Investors are increasingly looking for diversifying investments for their portfolios.
“The dynamic credit strategy meets this need. It offers credit returns, but is also equipped with crisis indicators which seek to reduce portfolio credit risk in challenging markets and thereby diversify returns away from traditional credit allocations.”
The GAM Systematic platform had US$4.3 billion (€3.8 billion) of assets under management in quantitative strategies, as at November 30, 2018.
©2019 funds europe