Paul McNamara is an Investment Director, and is the lead manager on emerging market bond and currency long only and hedge fund strategies. He joined GAM following its acquisition of the fixed income and foreign exchange specialist, Augustus, in May 2009, where he started managing most of the funds he runs to date. He joined Augustus (then Julius Baer Investments Limited) in 1997 from the Export Credits Guarantee department of the UK Government Economic Service, where he was an economist. He began his career as a lecturer. Paul McNamara holds an MSc in Economics from the London School of Economics and is a CFA charterholder. He is based in London.
25 April 2019GAM Talks Q2 19: Navigating current market conditions
We asked a group of our portfolio managers a series of questions about their respective asset classes. This final video, in a series of three, asks them to discuss how they are approaching the current market environment in terms of investment themes
17 April 2019GAM Talks Q2 19: What are the main risks?
We asked a group of our portfolio managers a series of questions about their respective asset classes. This second video, in a series of three, considers what the main risks are currently.
2 April 2019Turkey falls victim to market volatility
In March Turkey’s currency was subject to extreme volatility, with huge spikes in offshore lira rates. GAM Investments’ Paul McNamara believes Turkey urgently needs to signal a return to orthodoxy in order to stabilise its financial system. However, he also discusses a number of other opportunities presenting themselves in EM debt markets.
26 March 2019Emerging market local currency debt: Recovering trade balances
Global growth last year was heavily dependent on the US, says GAM Investments’ Paul McNamara. The outlook for 2019 is for slightly more balanced growth, with China and the strength of the US dollar playing important roles.
20 December 2018Outlook 2019: Where else would you invest?
We asked a number of our fund managers where they would invest in 2019 if they could not invest in their own asset class.
13 December 2018Outlook 2019: Investing in a post-peak environment
We asked a number of our fund managers to outline the post-peak environment and consider what it means for their respective asset classes in 2019.
8 November 2018EM debt: looking towards ‘beaten up’ opportunities
The best value to be had in emerging markets (EM) fixed income is in countries which have suffered this year, so it is no surprise GAM Investments’ Paul McNamara is viewing Turkey with interest, with further tactical opportunities in Brazil and Argentina.
23 August 2018Turkey turmoil
Last week saw the Turkish lira lose more than 40% of its value since the beginning of 2018. GAM Investments' Paul McNamara appeared on Bloomberg’s Odd Lots podcast to explain why this happened, whether there is a way out for Turkey and why he believes there is little risk of contagion.
Wednesday, May 23, 2018EM Debt: Stay With The Fundamentals
GAM’s Paul McNamara notes that recent weakness in emerging market (EM) local currency debt is almost entirely due to US dollar strength and that EM’s domestic fundamentals remain sound.
Monday, April 16, 2018What's happening in Russia
With global equity markets slumping before staging a v-shaped recovery on the run up to the Easter holiday period, GAM’s investment experts give their view on the likelihood, and potential implications of, a US-inspired trade war.