Gam is combining the holdings of four of its multi-manager hedge funds into a single investment pool...
Gam is combining the holdings of four of its multi-manager hedge funds into a single investment pool.
Gam Trading II, Trading Euro, Trading US$ and Cross-Market have identical mandates and are all managed by Nancy Skiest Andrews.
The boutique argues the growth in hedge fund assets and the need for higher turnover and portfolio diversification to manage returns means a larger investment pool is more appropriate. The group is also raising the minimum investment on its multi-manager funds to $25,000 and introducing a minimum top-up investment of $12,500.
Meanwhile, the group has capped its EuroSelect Hedge vehicle at £143m to protect fund performance from inflows.
The group had warned when the fund launched in April last year that it would cease to accept subscriptions as assets reached close to £150m.