Tuesday, 13 October 2015
Last updated 5 hours ago
Apr 13 2010 | 10:19am ET
GAM Holding is finally growing again, but its flagship funds of hedge funds have yet to join the renaissance.
The Swiss firm said its assets under management increased 5% in the first quarter to 119.1 billion Swiss francs (US$112.4 billion). While GAM’s funds of funds continued to suffer outflows—at a lower rate, it must be said, that last year—its single-manager hedge funds performed well enough and attracted enough new money to cover that loss and then some.
Much of the increase came in GAM’s fixed-income hedge funds. Augustus Asset Managers, the GAM subsidiary that manages its fixed-income hedge funds, had the largest inflow in the quarter.
GAM called the inflows to its hedge funds “encouraging.”
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…