GAM has added two new target return funds to its multi-asset range to be managed by Larry Hatheway, the group's head of multi-asset portfolio solutions and chief economist.
The GAM Star Target Return and Star Target Return Plus funds seek to produce consistent, uncorrelated net returns of LIBOR +3% and 5% per annum respectively, without significant equity, duration or credit risk. The funds wil be invested in direct securities, holding around 20-30 positions each in global equities, bonds, currencies and commodities. The eight-strong team managing the fund is headed up by Hatheway (pictured), group head of multi-asset portfolio solutions and chief economist. Hatheway said: "GAM has been managing multi-asset solutions since 1983 and the launch of the t...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes