GAM is removing the cap on its GAM Star Discretionary FX fund, allowing greater monthly subscriptions into the portfolio.
From this week, GAM will remove the curb which limited monthly subscriptions to £13m. The restrictions have been in place on the fund since May. Caps on inflows were introduced for both the Discretionary FX and Star Global Rates Ucits funds as they approached combined assets of £1bn. Manager Adrian Owens says he believes increased inflows will not impair the fund’s returns. “The manager has reviewed the scalability of his global currency strategy in the context of the investment opportunities the currency markets offer his particular investment approach,” the group says. “He is ...
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