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GAM launches onshore emerging market rate fund


GAM has expanded its Ucits III alternative fund range to include an onshore version of its emerging market interest rate and currency fund managed by Paul McNamara and Caroline Gorman.

GAM Star Emerging Market Rates provides daily liquidity and is tax efficient for UK onshore clients.

The fund aims to generate returns of ten per cent per annum above Libor.

The managers employ a top-down, thematic, approach to invest in emerging market sovereign debt, currencies and related instruments.

McNamara says: “We believe that common indicators exist for systematically identifying imminent inflection points in the economies of emerging markets. Through our proprietary ‘crisis cycle’ filter, we can use these indicators to gain a clear view on which countries are about to experience significant recoveries or violent currency devaluations or economic defaults.”

Craig Wallis, group head of institutional and fund distribution at GAM, adds: “Paul and Caroline have a combined experience of 25-plus years’ managing emerging market debt and FX strategies and run over USD3bn in assets. Their investment approach has resulted in a track record of extracting significant returns irrespective of the market backdrop. The launch of GAM Star Emerging Market Rates provides investors with access to these impressive returns combined with the reassurance and liquidity of a Ucits III structure.”

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