GAM is considering launching a fund of funds investing in distressed-related hedge portfolios, combi...
GAM is considering launching a fund of funds investing in distressed-related hedge portfolios, combining the characteristics of a hedge fund and a private equity vehicle. Timings have not yet been finalised, but Investment Week understands chief investment director for GAM Multi-Manager David Smith will take a lead role running the vehicle. The fund is being planned as a long-term play due to illiquidity in the distressed debt space. GAM client director Matthew Lamb foresees the hedge fund universe returning to wider use of macro strategies, rather than focusing predominantly on arbit...
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