Gam plans European absolute return fund for Ross Hollyman

Gam will bring a European absolute return vehicle to the onshore market later this year. The Gam St...

Gam will bring a European absolute return vehicle to the onshore market later this year. The Gam Star Absolute EuroSystematic fund will be under Ross Hollyman, who heads a four-strong team running long and short trades. He also runs the group's European Systematic Value and Income fund and will share stock ideas between existing vehicles and the new one. Absolute EuroSystematic will use the same strategy as the €21m EuroSystematic Value Hedge fund. Hollyman said: "Valuation drives this fund. On the long side, we take cheap stocks and filter out those with quality issues, such as acq...