Tuesday, 26 May 2015
Last updated 3 days ago
Jan 14 2013 | 9:59am ET
GAM will acquire a 30% stake in boutique asset manager QFS Asset Management, a U.S.-based currency, global macro and fixed-income specialist.
The value of the deal, which will see GAM taking responsibility for the global distribution and marketing of QFS strategies, was not revealed.
Following the formal closure of the agreement, GAM plans to introduce a UCITS product based on QFS’s flagship currency strategy. Launched in March 1993 and trading in highly liquid instruments, the strategy has generated net annual returns of 10.75% since inception.
Said David M. Solo, GAM CEO, in a statement: “The partnership with QFS is consistent with our strategy of expanding our leading offering of single manager alternative strategies. We are delighted to work with such a high-caliber investment manager with demonstrated investment capabilities over such a long period of time, delivering exceptional returns through differing market cycles. We are convinced that its experience in managing liquid, non-correlated and high-performing strategies will prove highly appealing to our sophisticated investor base.”
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…