product launch | Third in fund of hedge funds series uses the same portfolio construction strategy
Gam is to launch a third tranche of its successful Gam Diversity fund of hedge funds, and has set a $3.2bn cap on Diversity I. Fund manager David Smith said he put a cap on Diversity I to avoid diluting the impact of his concentrated fund selection process. The final details of how Diversity III will be run have not been finalised, but it will have around the same number of managers and strategies as the others. Smith said: "Gam Diversity III will have a similar, concentrated portfolio construction to our existing global multi-strategy funds." Gam Diversity III will be domiciled in th...
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