GAM US funds benefit from value-led strategy

Gordon Grender's GAM North America Growth portfolio has been upgraded from A to AA in the latest review of the sector by Standard & Poor's. In addition the existing AAA rating for James Abate's GAM Star American Focus Fund remains. In total GAM has five of its North American funds rated AA. At the same time three of Aberdeen's North American funds lost their ratings. The downgrade was a result of the departure of Rupert Della-Porta, the group's most experienced US manager, according to the S&P analysts. The only Aberdeen North American fund to retain a S&P rating is Aberdeen American ...