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.
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.
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.
Tuesday, May 02, 2017GAM Investment Conference: Investing into the Future
Investors could be forgiven for being distracted by the persistent changes to the geopolitical landscape and for wondering what might happen next to cause further market uncertainty. Paying too much attention to short-term investment trends rather than the importance of longer-term investment planning can prove a costly distraction. The GAM managers give their thoughts on looking long-term for investment success.
Tuesday, January 24, 2017Emerging Markets: Another Year, Another Opportunity
Paul McNamara, investment director responsible for GAM’s emerging market strategies, looks ahead to 2017 and reflects that the likely drivers of EM local currency bond markets are the same ones that led to overall outperformance last year.
Thursday, September 22, 2016Emerging Market Debt – Stronger for Longer
Interest in emerging market (EM) assets is returning. With yields in developed bond markets almost non-existent, emerging debt looks particularly attractive. Paul McNamara, investment director for emerging market debt at GAM, explains why he still sees plenty of upside, despite a strong run so far this year.