GAM set to close funds on Hollyman exit

GAM is likely to shut Ross Hollyman's $200m fund range when he leaves for Liontrust at the end of this year.

The group’s head of Middle East sales Matthew Lamb says it is “highly unlikely” the five funds will move across to Liontrust with Hollyman and team. Hollyman currently runs GAM’s Star UK Dynamic Equity, UK Equity Hedge, European Systemic Value and Income, Star Absolute Euro Systematic and Star European Systematic Value funds. As the funds have not performed well lately, GAM says it is questioning whether to continue running the vehicles. “The funds will probably be wound up. For any deal to take place with Liontrust, a number of assets would have to stay in the funds,” Lamb says. ...