GAM fund of funds launch

GAM is to launch a fund of arbitrage portfolios on 23 September, after nearly two years of planning. The GAM Multi-Arbitrage fund will be managed by Dorothy DeWitt and David Smith, chief investment director of the group's multi-manager team. DeWitt joined GAM earlier this year from Madaket Partners LLP, an event-driven hedge fund focusing on US and European equity arbitrage and relative value investment opportunities. DeWitt said: 'We have spent a significant amount of time and resources researching and meeting managers worldwide who are specialists in this area. We believe we have...