industry news
Old Mutual International has appointed GAM as investment adviser for its OMG Diversified Plus and Growth Plus multi-manager portfolios. The portfolios both invest in five asset classes. This includes equities, cash, property, alternative strategies and bonds. Gerrard (owned by Old Mutual) previously managed the two funds but, the group decided to switch managers following a decision for Gerrard to concentrate on its UK business. OMI 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-ma...
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