GAM Investments has announced a series of strategic initiatives involving partnerships and the launch of a new fund.
In a recent development, GAM has entered into a partnership with Investcorp-Tages (IVCT), leading to the transfer of its Global Rates strategy investment team to IVCT.
Despite this shift, the team will continue to manage the strategy for GAM as an external investment manager.
The transition is expected to be completed in early 2024, after which the fund will be co-branded and distributed by both GAM and IVCT. GAM said the fund's strong track record will remain unaffected by this partnership.
In a separate agreement, GAM has arranged for the transfer of its UK Equity Income Fund, along with two portfolio managers, to Jupiter Asset Management. This transition process aims to provide a seamless experience for clients, with Jupiter set to become the delegated investment manager for approximately six months from early 2024.
Following this, the fund will fully move to Jupiter with a 12-month revenue-sharing arrangement.
Additionally, GAM plans to launch its Private Shares strategy in Europe and the UK in the first quarter of 2024.
The US-based Liberty Street Advisors manages this late-stage venture capital strategy, focusing on a diversified portfolio of leading privately owned companies. The strategy, which has been recognised as the emerging fund of the year by Financial Newswire in Australia, will offer investment opportunities in privately owned companies approaching their public funding rounds.
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