GAM is to launch a multi-manager arbitrage fund later this month aiming to provide little or no corr...
GAM is to launch a multi-manager arbitrage fund later this month aiming to provide little or no correlation to equity markets. Launching on 23 September, the fund, which holds around 15 underlying funds, will be managed by Dorothy DeWitt and David Smith, chief investment director of GAM's multi-manager team. It will be an event-driven hedge fund focusing on American and European equity arbitrage and relative value investment opportunities. Minimum investment will be $15,000, with the fund priced in dollars.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till