GAM Preps Long/Short Offering

GAM, the hedge fund arm of Julius Baer, is launching its Delphic fund next month with a “substantial amount” of seed capital. The equity long/short vehicle will be managed by Mark Hawtin, who joined the firm in October from Marshall Wace Asset Management.

GAM’s new offering was initially dubbed the GAM Eclectic, but the firm said it decided to change the name to avoid any confusion with other hedge fund providers in the market.