Gam adds emerging market currency fund to Ucits range
Gam has launched an onshore Ucits III version of an emerging market interest rate and currency hedge fund.
The Gam Star Emerging Market Rates fund is managed by Paul McNamara and Caroline Gorman, who also run the offshore strategy.
The fund, which has daily liquidity, aims to generate returns of 10% per year above LIBOR (the London Interbank Offered Rate). The managers use a top-down, thematic investment strategy to select holdings by country, credit quality, currency, duration, and interest rate.
In a statement, the group says the managers’ investment process “distils key economic factors and market signals to enable [them] to anticipate future behaviour in a structured and repeatable way.” (article continues below)
This launch marks the sixth product Gam has added to its Ucits III alternatives fund range in the last six months.
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