GAM to oversee Old Mutual's Plus multi-manager portfolios

Old Mutual International has appointed GAM as investment adviser for its OMG Diversified Plus and Growth Plus multi-manager portfolios. Both portfolios invest in equities, cash, property, alternative strategies and bonds. While previous manager Gerrard is owned by Old Mutual, the group decided to switch managers following a decision for Gerrard to concentrate on its UK business. Old Mutual International said it chose GAM to manage the two funds because the company is well known in the South African market and has a history of actively managing multi-manager funds across various mu...