GAM goes short on stock selection

The GAM Technology Multi-Fund is concentrating its investment strategy this year on shorting stocks. The fund of hedge funds product has approximately 10 managers who each use a wide array of investment approaches. However, GAM believes in the current market environment hedging techniques such as resorting to cash and shorting should be used. Shorting involves selling securities in anticipation of being able to re-buy them at a future date and at a lower price. The skill of short selling is down to the manager's assessment of the overvaluation of the security. It is often used as a hed...