Saturday, 18 April 2015
Last updated 7 hours ago
Mar 30 2011 | 10:19am ET
Swiss fund of hedge funds firm GAM has launched a UCITS III-compliant version of its Trading fund.
The new GAM Star Trading fund, domiciled in Dublin, invests in between 10 and 15 underlying hedge funds, primarily discretionary macro and systematic managed futures funds. It is helmed by David Smith, head of GAM's multi-managed business, and Arvin Soh, and debuted last month.
"The product was very much client-driven, and we have a few seed clients already on board, with a couple more making allocations over the coming weeks," Matthew Lamb, head of U.K. mutual funds at GAM, said. "It is a neat way to get exposure to [absolute return] strategies with the lowest correlation to equities."
The new fund has a minimum investment of US$10,000 or equivalent.
The strategy on which it is based, GAM Trading, has been around for 14 years.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…