Global Asset Management (GAM) launched GAM Trading III today, its latest offshore multi...
Global Asset Management (GAM) launched GAM Trading III today, its latest offshore multi-manager trading fund, following the closure of GAM Trading II. The new fund's objective is to seek consistent absolute rates of return with low volatility and low correlation to equity and bond markets.
GAM Trading III follows predecessors GAM Trading US$ and GAM Trading II, currently closed to further subscriptions, which both aimed to provide investors with access to some of the world's leading fund managers.
Nancy Skiest Andrews, responsible for the management of GAM Trading funds, will manage the new fund. Andrews commented: "It's important to keep in mind that GAM Trading III will utilise identical strategies to that of GAM Trading and GAM Trading II. Although some of the underlying holdings are held in the other Trading funds, I plan to include new manager talent that I'm very enthusiastic about for GAM Trading III."
GAM highlights key benefits of its new fund are that returns are independent of market direction, the fund is diversified across geography and strategy and access is granted to some of the world's most successful funds and fund managers.
The fund invests in managers who trade in currencies, interest rates, commodities and equity derivatives. There is a minimum investment of £10,000, $15,000, 15,000 euros or 30,000 Swiss francs. There is an initial charge of 5% and an annual charge of 1.76%. The base currency is in US dollars.
GAM's multi-manager concept is based on the premise that no single organisation can employ the best fund managers in all sectors, markets and asset classes.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till