Gam opens fund of hedge funds to retail market

The offshore vehicle invests in between five and eight underlying hedge fund managers. It is designed to give investors an attractive risk/return profile with a low correlation to traditional investments. The fund is co-managed by David Smith and Arvin Soh who use a blend of quantitative and qualitative research to construct the portfolio. Smith said: “Trend and non-trend managers operate differently, providing different sources of performance and complementing each other during different market conditions. The flexibility to combine elements and vary market exposures means that trading...