02 October 2018Blockchain: looking past the hype
There is far more to blockchain than the hype surrounding cryptocurrencies. GAM Investments’ Mark Hawtin, who completed the Oxford University / Saïd Business School Blockchain Strategy Programme earlier this year, believes the underlying technology could be a game changer for the technology space.
26 September 2018The case for mortgage-backed securities
Mortgage-backed securities (MBS) make up almost a quarter of the US fixed income market; they offer a less volatile source of returns and are seeing increased levels of issuance.
21 August 2018The disappearance of tangible equity in the US
There is a strong rationale for considering tangible equity when assessing corporate balance sheets.
Wednesday, April 04, 2018Millennials driving growth in the luxury sector
GAM’s luxury brands strategy recently reached its 10-year anniversary. The luxury sector benefits from global wealth creation and in particular from its high exposure to the growing middle class in emerging markets
Thursday, March 08, 2018Insurance Linked Securities: Bridging the Disaster Gap
Having demonstrated their value following the 2017 hurricane season, the market for insurance-linked securities, including cat bonds, is set to grow substantially this year.
Tuesday, February 20, 2018LSE SU Alternative Investments Conference
Alexander Friedman, Group CEO of GAM, delivered a keynote speech at the LSE SU Alternative Investments Conference in London on 22 January. He discussed markets, what the current environment means for active investing and the transformative role of technology in asset management.
Thursday, February 01, 2018Opportunities From Workplace Automation
Rapid advances in technology are seeing increasing levels of workplace automation, which is throwing up some interesting investment opportunities and giving food for thought in terms of the social implications, says Mark Hawtin, investment director, global long short equity.
Tuesday, January 23, 2018EM Debt: The Case For Further Gains
Despite rallying for two years, the fundamental case for further gains in EM local currency bonds remains strong, says Paul McNamara, investment director for emerging markets fixed income.
Wednesday, December 06, 2017Inflation’s Endgame, Volatility’s Vengeance
A gradual decline into disorder? GAM’s Christian Gerlach examines the phenomenon of ‘modern growth’ and ponders the potential implications of the destruction of the ‘utopia of the future’ on distorted asset prices.
Friday, December 01, 2017Unconstrained Opportunities And Cheap Parachutes
GAM’s Tim Haywood believes an absolute return approach to fixed income could prove ideal against a backdrop of rising interest rates and a reversal of QE
Tuesday, November 21, 2017Diving For Pearls − China Bond Connect
Making the connection: GAM’s Amy Kam outlines the potential of China’s bond markets for foreign investors.
Friday, November 17, 2017China: The Blue Chip Comeback
Three years on from the launch of the Shanghai stock connect programme, which allows investors outside China to access locally listed shares, we asked GAM’s Jian Shi Cortesi what the impact has been on her strategy.
Tuesday, November 07, 2017India: Idiosyncratic and Untapped
Tim Love, investment director for emerging market equities at GAM, explores the major growth opportunities in India, such as weddings, luxury travel and Bollywood, and the equity market’s untapped potential at a time when China growth is showing signs of slowing.
Friday, October 27, 2017A New Era in Regenerative Medicine
Why was 30 August 2017 a historic day for science and innovation? Mirjam Heeb, senior portfolio manager explains the benefits of recent disruptive developments in regenerative medicine.
Wednesday, October 18, 2017MBS: Navigating Pre-, Post- and Crises Periods
For many people, the Global Financial Crisis (GFC) has yet to ‘celebrate’ its 10th anniversary. Amid all the strenuous denials from economists, central bankers, politicians and finance officials, it can be difficult to objectively pinpoint the one single event that signalled the meltdown and mayhem.
Thursday, October 12, 2017Building on Firm Ground
UK and European economies are on a relatively solid footing, says Jon Rickert, investment director at GAM, and private commercial real estate lending will prosper.
Wednesday, October 04, 2017Is China in a ‘Sweet Spot’?
Michael Lai, investment director explains how China is stemming the flood of overseas investment and dealing with debt, to maintain economic growth.
Friday, September 29, 2017Sustainable Investing – Time For A Holistic View
Karl Herzog and Thomas Funk from the Swiss equities team explain how they screen companies based on a comprehensive list of sustainability criteria. Their goal is as simple as it is ambitious, aiming to identify the long-term winners in an increasingly complex and competitive environment.
Thursday, September 21, 2017Absolute Returns in all Environments
Tim Haywood, investment director for absolute return fixed income strategies, shares his views on the current macroeconomic environment and opportunities in the bond markets.
Tuesday, September 19, 2017A Sustainable Approach to Generating Returns
Gianmarco Mondani, CIO of the non-directional equity team in Lugano, explains the academic background behind his strategy, which employs a fundamental, earnings revision-based approach, incorporating both valuation and momentum metrics, and aims to deliver favourable outcomes in the majority of calendar years.
Thursday, September 14, 2017Big Data and Investing
Investment managers are using big data and artificial intelligence to enhance the diversification and risk/return potential of portfolios.
Friday, September 08, 2017Convertible Bonds: A Truly Compelling Moment for the Asset Class
Convertible bonds’ combination of cheap valuations and equity exposure would provide a very attractive asymmetrical return profile in a rising interest rate environment. Jonathan Stanford, senior fund manager, non-directional equity, explains.
Wednesday, August 23, 2017Luxury: Q2 Results Confirm Solid Trend
GAM’s Scilla Huang Sun reflects on the Q2 reporting season in the luxury segment of the equity market and identifies some interesting themes worth focusing on
Thursday, August 17, 2017Harvesting Merger Arbitrage Premiums
In the prevailing environment, investors are finding fewer and fewer sources of meaningful yield with low volatility from the fixed income universe. GAM’s Roberto Bottoli describes a potentially unconsidered alternative with a return profile offering a low correlation to traditional investment strategies.
Thursday, August 10, 2017Japan: Time to Refocus on Earnings
As featured in Investment Week, Ernst Glanzmann and Reiko Mito, Japanese equity managers at GAM, discuss why the reporting season in Japan will refocus investors' attention on earnings.
Tuesday, August 01, 2017MBS: Size, Depth & Liquidity
With a low volatility profile and steady yield, returns from mortgage-backed securities beat other medium and high-quality fixed income securities over time. The market has had a radical reform since it took a hit during the financial crisis; those who seek a truly diversified global fixed income strategy should investigate the revised offering. Tom Mansley and Garry Singleterry explain why investors may find that the opportunity is too good to miss.
Tuesday, July 11, 2017The Early BRRD
Anthony Smouha and Gregoire Mivelaz, who co-manage a number of GAM’s credit strategies, draw considerable encouragement from the practical application of new regulatory mechanisms, which have been designed to curb contagion in the financials sector and thus prevent idiosyncratic issues from morphing into systemic events.
Thursday, July 06, 2017The Value Renaissance
Value investing is the art of buying stocks that in general appear to be priced more cheaply than the market averages. As featured in Money Observer, John Lambert, Investment Director, explains why he believes the time is approaching when value investors will be rewarded.
Thursday, June 29, 2017China: Harnessing the ‘Catch-up’ Trade
Jian Shi Cortesi, who focuses on opportunities created by the transformation in China’s economy, believes there is significant scope for the country’s equity markets to play catch up following several years of relative underperformance.
Tuesday, June 27, 2017What Does the General Election Result Mean for UK Equities?
Chris Morrison, investment manager, explains the potential impact of the UK General Election result on the UK equity market.
Wednesday, June 14, 2017M&A: Healthy Volumes set to Continue
After a record-breaking start to the year, in terms of transaction numbers and volumes, the merger and acquisitions (M&A) market has slowed down to more normal levels. GAM’s Roberto Bottoli gives his thoughts on the outlook for the remainder of 2017 and the potential opportunities that lie ahead.
Friday, June 02, 2017Biopharma Investment Cycle: Expansion Phase Still in Its Early Innings
Unlocking the secrets of the human genome at the turn of the millennium ushered in a transformative era in drug discovery. Christophe Eggmann looks forward to the next potentially lucrative stage of the secular biopharma investment cycle.
Wednesday, May 17, 2017Cloud + Intelligent Edge = The Fog
The fourth generation of computing has arrived. But something is different this time around. Mark Hawtin and Chris Woodcock delve into Fog computing and the missing link between the Cloud and the artificial intelligence explosion.
Tuesday, May 09, 2017Swiss Equities: From Headwind to Tailwind
Across the developed world, the reaction of corporate executives facing the post-global financial crisis era of emergency monetary policy and anaemic economic momentum was to deleverage bloated balance sheets and cut costs. While broad efforts to trim the fat across the corporate landscape have been laudable, the efforts of Swiss businesses are worthy of a special mention because they have had to fight significant headwinds during the streamlining process.
Thursday, April 13, 2017China: An Under-researched Market
Jian Shi Cortesi, who has been managing a consumer-focused China equity strategy for more than three years, provides an overview of the prevailing stock-picking environment.
Tuesday, March 28, 2017Alternative Risk Premia Are Here to Stay
A Q&A with Lars Jaeger, pioneer of alternative risk premia strategies. Together with his GAM Systematic team, he manages the strategy that invests in risk premia and celebrates the strategy’s five-year anniversary in March.
Friday, March 24, 2017Japan: Taking the Best out of an Underappreciated Market
A Q&A with Ernst Glanzmann, Head of Japan, and Reiko Mito, portfolio manager. Together they manage a Japanese equity strategy which celebrates its 25-year anniversary in March.
Thursday, March 23, 2017Emerging Market Debt – Plenty of Upside Left
A Q&A with Enzo Puntillo, Head of Fixed Income at GAM in Zurich. Together with his team, he manages various emerging market debt portfolios. The unconstrained “best ideas” strategy just marked its three-year anniversary.
Thursday, March 16, 2017Oil Supply Falling Behind Demand
The International Energy Agency last week highlighted growing risks to the oil supply as a result of underinvestment. Roberto Cominotto considers the possible implications for the global oil market.
Tuesday, February 28, 2017LSE Alternative Investments Conference - Algorithm Aversion
Dr Ewan Kirk, Chief Investment Officer of GAM Systematic’s Cantab team, spoke at the LSE Alternative Investments Conference in London in January 2017. He questioned why investors in general are sceptical of systematic trading while long term performance seems to indicate that the performance of models is at least as good as that of humans. So why the scepticism?
Tuesday, February 14, 2017Tech Themes for 2017
As technology evolves, new themes and opportunities open up for investors. As featured in Citywire, Mark Hawtin, GAM Investment Director, puts forward his thematic predictions for 2017, and explains why the future is not in handsets...
Thursday, February 09, 2017Themes and Trends for Luxury in 2017
After three painful years, the luxury sector is turning a corner. This shift is bringing new investment opportunities, but GAM investment director Scilla Huang Sun believes that the recovery will not be uniform across the sector, meaning careful stock selection is key. She presents the trends and themes to watch this year.
Tuesday, February 07, 2017Change is in the Air
Tim Haywood, investment director for absolute return strategies looks ahead to 2017 where, after a year of shock results and unexpected outcomes, two signs of change have materialised on the fixed income horizon.
Tuesday, January 17, 2017Has China put the Brake on M&A?
Roberto Bottoli, manager of GAM’s merger arbitrage strategy, discusses the significance of new capital controls measures imposed by China, namely restrictions on outbound mergers and acquisitions, and whether the political standoff between China and other countries on cross-border M&A is likely to be resolved.
Wednesday, December 28, 2016From Cyborg to Cyber Monday: The Indirect Infiltration of AI
The 1980s AI brought fears of a Terminator-style cyborg uprising, where humans became enslaved by their robotic overlords. This time round the big developments are focused around specific goals with more subtle impacts, namely in the areas of online shopping and digital butlers. Mark Hawtin and Chris Woodcock discuss the investment potential.
Thursday, December 15, 2016Healthcare 2017: The Postelection Comeback
Given an environment conducive to merger and acquisition (M&A) activity, Christophe Eggman, investment director for healthcare equities, looks ahead to 2017 and beyond with a sense of optimism.
Tuesday, December 06, 2016Inflation is Returning – But it’s Not Too Late to Switch to Inflation-linked Bonds
Bond markets are selling off and investors’ year-to-date gains are melting. Higher inflation expectations have lately re-appeared on the list of market concerns. Bernhard Urech, a fixed income manager at GAM, points towards inflation-linked bonds as an effective way to hedge against this worry. But before rushing into the asset class, there are a few things to consider.
Thursday, November 03, 2016Rocky Mountain High
John Lambert, investment director, digs deeper into the gold price and what investors can learn from its recent moves.
Wednesday, October 26, 2016Beneath the Sizzle of Artificial Intelligence
Dr Ewan Kirk, CIO and founder of Cantab Capital Partners, which is now part of GAM Systematic, discusses artificial intelligence and machine learning.
Thursday, October 13, 2016Bank Regulation Creates Opportunities
Grégoire Mivelaz takes a deep dive into bank regulation to highlight investment opportunities. He is a fixed income manager at Atlanticomnium SA, which manages several GAM credit strategies.
Tuesday, October 04, 2016Is Your Diversified Portfolio a Single Factor Bet?
As fundamentals have largely been forgotten since 2010, positioning with the view that they will drive asset prices in the near-term introduces single-factor bet risk into a portfolio, however diversified the underlying holdings. So how can investors truly diversify when the market is expensive and not rewarding fundamentals? Anthony Lawler and Adam Glinsman look at how systematic strategies can reduce your factor risk.
Thursday, September 29, 2016OPEC Oil Decision
Roberto Cominotto comments on the OPEC meeting outcome.
Tuesday, September 06, 2016Will Electric Vehicles Kill Oil Demand?
As featured on CNBC, Roberto Cominotto outlines his views on the impact for oil demand.
Thursday, August 25, 2016Commercial Real Estate after Brexit
Jon Rickert, investment director at GAM, looks at the impact of Brexit on commercial real estate markets and explains why he believes a market value decline will be limited.
Thursday, August 18, 2016It Bags – Arm Candy or an Investment Piece?
When markets go nowhere fast, investors turn to more unconventional assets in the hope of wealth appreciation. Tangible assets such as real estate, wine, art and luxury goods can often get overlooked in good times, but their appeal improves when traditional investments stagnate.
Thursday, August 11, 2016Tightening Oil Market
Roberto Cominotto sticks to his forecast for a tightening oil market.
Thursday, August 04, 2016Online Interest Drives Offline Sales
As featured in the Huffington Post, Mark Hawtin and Amanda Lyons of the GAM Tech Team look at the investment case around online apparel retail.
Friday, July 22, 2016Pokémon Go: Hype or Reality?
Pokémon Go downloads exceeded 15 million in the first week making it the fastest adopted game in history. Nintendo’s share price shot up by 75% as investors get sucked into the hype. Shares have been heavily shorted on the grounds that the Japanese retail investor is well known for loving a craze. So what is the reality?
Tuesday, July 12, 2016Pharma: Healthy Returns Ahead
After a challenging nine months, healthcare investors can look forward to a turnaround in the sector’s fortunes. Christophe Eggmann, investment director for healthcare equities, explains why the sector is set up for a successful second half with plenty of opportunities in biopharma.
Thursday, June 30, 2016Equity Mind Set for Fixed Income Success
Larry Hatheway recently moderated a discussion on subordinate debt and mortgaged-backed securities, presented by Anthony Smouha and Gary Singleterry. Both approaches offer compelling risk-adjusted returns in a world of otherwise unattractive fixed income valuations.
Monday, June 13, 2016Art is Emotional
With the Art Basel coming up – probably the world’s most famous international art fair – it is worth pondering what makes art, and the luxury world more generally, so fascinating. Scilla Huang Sun, manager of a luxury goods equity strategy at GAM, gives her view on what art and luxury goods have in common.
Tuesday, May 31, 2016Natural Gas Rally Imminent?
Roberto Cominotto explains why he believes natural gas prices in the US should rise substantially over the coming 12 months.
Thursday, May 26, 2016UK Commercial Real Estate: An Uneven Recovery?
Is the UK commercial property market nearing a peak? Investment Director Jon Rickert investigates opportunities for real estate debt investors.
Wednesday, May 18, 2016Off the Beaten Track
Subordinated debt – worth a look for yield-starved investors. Anthony Smouha, CEO of Geneva-based Atlanticomnium, explains why he believes that junior debt could be an attractive investment proposition.
Tuesday, May 10, 2016Diamonds Regain Sparkle
Few investments can evoke such powerful emotions like diamonds. But unless you are admiring an engagement ring, it pays off to keep a cool head and consider all factors that may affect your returns. Portfolio Manager Evelyne Pflugi is doing just that.
Thursday, May 05, 2016Consumers to Pay for O2/Three Merger Block
Niall Gallagher, Investment Director, and Chris Sellers, Investment Analyst discuss why consumers will pay the price for rejection of Three/O2 merger
Wednesday, May 04, 2016Tapping the Network
LinkedIn, Amazon and Facebook have all surprised the market with the strong earnings and/or revenue growth they experienced in the first quarter. Investment Director Mark Hawtin puts the results into perspective.
Tuesday, April 19, 2016Investing in Cat Bonds
Dr John Seo, Co-Founder and Managing Principal at Fermat Capital Management LLC, talks about catastrophe bonds and why they may be an option for investors in a low yield environment.
Wednesday, April 13, 2016Oil: The Turning Point is at Hand
Roberto Cominotto is convinced that a sustainable turning point in the oil market is within reach, thanks to the decline in US production.
Tuesday, March 29, 2016Cloud: Why Bother?
Why does anyone bother investing in cloud companies? Mark Hawtin, Investment Director, and Chris Woodcock, Consultant, investigate.
Monday, March 21, 2016Twitter Turns Ten
On its 10th anniversary, the success of Twitter as a media asset is clear. But as an investment, the story is less cut and dry, according to Investment Director and technology equity specialist Mark Hawtin.
Thursday, March 17, 2016Major Banks: Bonds and Equities go Their Separate Ways
Some household names in the European bank sector have recently disappointed markets with sizeable losses. For Anthony Smouha, CEO at Geneva-based Atlanticomnium SA, which is a manager of several GAM funds, this is no cause for alarm.
Tuesday, March 15, 2016Trend-spotting at Geneva Motor Show
Oliver Maslowski, portfolio manager of a German value strategy, comments on the latest industry trends at the Geneva International Motor Show 2016
Thursday, March 03, 2016The Truth About Conviction Investing And What Cosmology Has To Do With It
Alexander Friedman, Group CEO of GAM, spoke at the LSE Alternative Investments Conference in London in January 2016 about financial markets and how cosmology may help us better understand them.
Tuesday, February 09, 2016The five most Interesting Things that Happened at CES 2016
Mark Hawtin, Investment Director, reports on the five most interesting things that happened at CES 2016.
Thursday, January 21, 2016Smarter Than Smart
Scilla Huang Sun, Investment Director, comments on prospects for luxury watch brands amid the China slowdown and increasing competition.
Thursday, December 10, 2015The Robocar Rises
Mark Hawtin and David Goodman look at the industry disruption expected by self-driving car technology.
Thursday, November 26, 2015Why can't I use my smartphone for longer? Challenges and opportunities in battery technology
Why can’t I use my smartphone for longer? Challenges and opportunities in battery technology.
Tuesday, November 24, 2015Paris Climate Summit – A turning point for investor sentiment or just hot air?
Expectations for the Paris Climate Conference are generally low. Roberto Cominotto comments why this summit is different from others and what potential implications for investors are.
Tuesday, November 10, 2015Drones to Map, Connect... and Save the World
Mark Hawtin and David Goodman look at the rise of the drone and how its data-gathering abilities present serious investment potential.
Tuesday, October 27, 2015Energy Bull Market?
Roberto Cominotto comments on the outlook for oil prices.
Friday, October 23, 2015Drug pricing threat?
Christophe Eggmann, Investment Director, comments on whether the current drug pricing discussions in the US change his views on healthcare stocks.
Tuesday, October 13, 2015The Internet of Things – how investors can benefit
Mark Hawtin, Investment Director, explains what the internet of things is all about and how it changes our lives and the world around us. He also discusses investment ideas.
Thursday, October 01, 2015Gold is hooked to the US economy
Stephan Mueller, precious metals expert at GAM, takes a look at the factors that influence the price of gold.
Friday, September 25, 2015How open is the Internet – and does it matter?
As online traffic and streaming demands grow, the debate as to how neutral is the Internet is heating up. Mark Hawtin, Investment Director, takes a detailed look at the landscape.
Tuesday, September 22, 2015The perimeter is dead: The fast-changing cyber security landscape
It’s not a matter of ‘if’, but ‘when’ you get hacked. Mark Hawtin, Investment Director at GAM, goes beyond security scaremongering to examine the challenges that are moving the investment cycle from firewall names to fresh opportunities.
Thursday, September 17, 2015Demand for luxury remains strong as the curtain lifts on Fashion Week
As Fashion Week events in London, Milan and Paris kicks off these days, with designers showcasing their spring/summer 2016 collections, Scilla Huang Sun, luxury brands expert, highlights the fashion brands best positioned for growth.
Monday, September 14, 2015No more 'tech-no' in the UK
Tech-sector developments suggest Britain is ready to shed its uneasy relationship with innovation. Julian Howard, Investment Director, sees this as great news for both the economy and the stock market.
Monday, August 24, 2015Are European banks a buy?
Niall Gallagher, Investment Director, answers the question "Why do you hold so few banks in your portfolios?"
Friday, August 14, 2015Lean in vs lean out: Music streaming giants go head to head
As the battle between Apple Music and Spotify heats up, Mark Hawtin and Amanda Lyons, GAM Tech Team, put the industry’s leading offerings head to head.
Wednesday, July 29, 2015Energy sector: Small and mid caps to emerge strongest from the oil crisis
Comment from Evelyne Pflugi, Investment Manager
Tuesday, July 14, 2015Five unexpected ways people use drones
Mark Hawtin, Investment Director, responsible for GAM’s technology strategies, looks into the rise of the drone.
Friday, July 03, 2015Tech shifts spawn fresh multi-billion dollar industries
Comment from Mark Hawtin, Investment Director
Wednesday, June 17, 2015Tesla launches solar battery race
Roberto Cominotto explains how in theory a solar/battery system would allow homeowners in sunny regions to completely disconnect from their utility.
Monday, June 15, 2015Cancer immunotherapy – Turning cancer into a chronic disease
Christophe Eggmann, Investment Director, responsible for GAM’s health innovation strategies explains why cancer immunotherapy is considered a quantum leap in cancer patient survival and has the potential to revolutionize cancer treatment.
Monday, June 08, 2015Big data, big problem
Mark Hawtin looks into the opportunities and risks associated with the rise of big data.
Monday, April 13, 2015Developments from the Mobile World Congress
In what is pitched to be ‘the year of the wearable’ Mark Hawtin takes a look at some of the key developments from the 2015 Mobile World Congress convention.
Friday, March 13, 2015Technological acceleration – investment themes for 2015
Mark Hawtin examines some of the leading industry developments that offer the most promising investment potential.
Friday, November 28, 2014The MBS opportunity – too good to miss
Too good to miss.
Friday, November 28, 2014Oil be back – why crude has fallen and what it means for investors
Why crude has fallen and what it means for investors.
Thursday, November 20, 2014The smart side of luxury
Technology expert Mark Hawtin and luxury brands specialist Scilla Huang Sun delve into the evolution of smart technology and its influence on the luxury goods sector.