Swiss asset management firm GAM has rebranded its GAM Star Alternative Fixed Income fund following a restructuring and change in investment policy.
Now known as The GAM Star Absolute Return Macro fund, it will be a blend of discretionary investing and quantitative model-driven strategies, targeting annualised returns of 8-10% above Libor.
The diversified portfolio will invest primarily in fixed income and currency markets and the equity market.
The fund’s aim will be to provide a portfolio that shows low correlation to the direction of bond and equity markets, while maintaining a high degree of liquidity. It will invest in securities across developed and emerging markets, including fixed income derivatives, foreign exchange and equity index products.
Tim Haywood and Mark Dragten will manage the fund, while Owen Job – who joined GAM from Soros Fund Management in November – will contribute, focusing on macro themes.
Haywood said: “By combining fundamental and quantitative model-driven investment strategies we aim to reduce exposure to traditional downsides of discretionary investing and improve risk-adjusted returns for our investors.”
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