GAM Preps Long/Short Offering

Jan 12 2009 | 1:45am ET

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. The market capitalization-agnostic fund will invest in themes and companies with an identified sizeable difference between market value and intrinsic value, according to the firm.

“The fund will also focus on stocks and themes that are well positioned to benefit from major change and/or innovation as the dispersion of returns between winners and losers is often the greatest,” it said.

GAM is hoping that its latest long/short initiative doesn’t suffer the same fate as some of its other existing long/short offerings: The firm’s GAM Asia Equity Hedge and European Equity Hedge funds dropped 35.84% and 15.68, respectively, last year through December.

GAM Delphic’s minimum investment requirement is US$1 million.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR