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GAM investment director Paul McNamara
GAM Investments has launched the first fund in a planned range of sustainable investment strategies, with the firm debuting an emerging market bond vehicle under the leadership of investment director Paul McNamara.
The sustainable local emerging market bond strategy, which was developed in partnership with Austrian sustainable investment specialist pension fund VBV-Pensionskasse, seeks to generate long-term returns by investing in a way that is "sensitive to the impact decision making may have on society and the environment". GAM said the pension fund "has moved a three-digit million investment into the new sustainable solution". GAM issues fourth profit warning in two years The approach combines a positive tilt towards sovereigns with higher ESG scores, as defined by its benchmark, the JP Mo...
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