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Thursday, 19 January 2017
Last updated 9 min ago
Apr 26 2011 | 9:14am ET
GAM launched its new UCITS-compliant Star Dynamic Global Bond hedge fund on April 1, hoping to outperform an index of developed global bond markets over a market cycle.
Fund managers Tim Haywood and Daniel Sheard will use credit, FX, interest rate and inflation hedges to diversify risk while attempting to capture both alpha and beta.
Minimum subscriptions are US$20 million (institutional class) or US$10,000 (ordinary class), while manager fees are 0.65% and 0.90%, respectively.
“Risk management should be integrated philosophically and systematically at each stage of the decision making process,” said Haywood. “By assessing the key risks—defaults, inflation, duration, currency (and hedging, as appropriate), we aim to produce an attractive risk/return profile.”
In the launch release, Sheard says the managers will employ both qualitative and quantitative tools on an ongoing basis “modifying positions to limit risk and capture the upside as investment themes evolve. In parallel, the independent GAM marketrisk team conducts ongoing monitoring to identify risk ‘hot spots’ and ensure the focus remains clearly on achieving the fund’s long term objectives.”
Haywood and Sheard both joined GAM in 2009 following its acquisition of the fixed income and foreign exchange specialist Augustus.