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.
11 December 2018Insuring natural disasters: mind the (disaster) gap
As we reach the conclusion of another active hurricane and wildfire season, John Seo discusses how insurance-linked securities are filling the large gap left by the reinsurance industry and may offer genuine diversification for investors.
7 December 2018Weekly Manager Views
At GAM Investments’ Weekly Investment Meeting held on 5 December 2018 the speakers were Jonathan Stanford, who highlighted the opportunities in the convertible bonds sector, and Amy Kam, who discussed the prospects for EM Asia fixed income.
6 December 2018Outlook 2019: key events
We asked a number of our fund managers which key events they are looking out for in 2019 and what the impact is likely to be for their respective asset class.
05 December 2018A guide to the Insurance Restricted Tier 1 (RT1) market
The first insurance restricted tier 1 (RT1) deal was issued in late 2017. Romain Miginiac highlights why investors should consider these instruments and how they differ from traditional bank AT1s.
4 December 2018Larry Hatheway on Markets: Continued market volatility
GAM Investments’ Larry Hatheway outlines his latest multi-asset views, discussing whether he expects market volatility to spread beyond global equities, if any region could be poised to replace the US as the driver of growth and what catalyst could encourage investors to re-engage with markets.
30 November 2018Weekly Manager Views
At GAM Investments’ Weekly Investment Meeting held on 28 November 2018 the speaker was Mark Hawtin, who highlighted the opportunities in the technology space from a valuation perspective.
29 November 2018Commodities curves and central banking policy
Following several decades of neglect, ECB Chairman Mario Draghi is reintroducing commodities curves to central bank inflation forecasts. This is a welcome development, according to GAM Investments’ Joachim Corbach and Christian Gerlach, but some fine tuning appears to be required.
27 November 2018Brexit – Deal or no deal?
Brexit is due to be delivered in March 2019, but it is still not clear exactly what form this will take. GAM Investments’ Charles Hepworth looks at the most likely scenarios.
23 November 2018Weekly Manager Views
At GAM Investments’ Weekly Investment Meeting held on 21 November 2018, the speakers were Michael Biggs, who took a look at what is behind the recent sharp falls for risky assets, Jian Shi Cortesi, who highlighted the attractive valuations in China and Asia, and Roberto Bottoli, who summarised M&A activity in markets and resulting merger arbitrage opportunities.
22 November 2018European equities: much misunderstood
GAM’s investment director Niall Gallagher has been managing European equities for 20 years. Here, he gives three reasons why he believes that the asset class is much misunderstood and has more to offer than first meets the eye.
20 November 2018Multi Asset Perspectives: Post-peak trauma
Earlier this month the asset allocation committee met amid the market volatility of Q4 2018 to consider the outlook through year-end. A brief summary follows.
16 November 2018Weekly Manager Views
At GAM Investments’ Weekly Investment Meeting held on 14 November 2018, the speakers were Larry Hatheway, who commented on the latest US inflation figures and what they could mean in a ‘post-peak’ world, and Christophe Eggman, who highlighted the fact innovation continues to drive growth and value creation in the healthcare sector.
15 November 2018Differentiation is back!
With capital markets seemingly dominated by geopolitical noise in 2018, GAM Investments’ Gianmarco Mondani highlights the potential of a low-volatility approach to equity investing to extract alpha against this testing backdrop.
13 November 2018Opportunities and falling knives
Changes are coming which could present investors with opportunities to add meaningful value to their portfolios. GAM Investments’ Julian Howard highlights a number of such opportunities which are likely to create volatility, dislocations and openings across markets.
9 November 2018Weekly Manager Views
At GAM Investments’ Weekly Investment Meeting held on 7 November 2018, this week’s speaker Larry Hatheway commented on the US mid-term election results and how this might impact markets going forward.
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.
7 November 2018Convertible bonds: overlooked and unloved?
Convertible bonds have been an unloved asset of late, but in the context of mid to long-term asset allocation GAM Investment’s Jonathan Stanford believes they offer a clear solution for dampening equity volatility while providing fixed income distribution.
6 November 2018Be greedy when others are fearful*
Technology stocks have been fiercely punished in this recent market turmoil, but GAM Investments’ Mark Hawtin takes heart from how leading technology players recovered from the 2007/8 downturn to suggest now might be a good time to pick up some attractively priced stocks.
02 November 2018Weekly Manager Views
Please find below the notes from GAM Investments’ Weekly Investment Meeting held on 31 October 2018 – this week’s speakers were Larry Hatheway, who talked about how investors are viewing risk differently in a ‘post-peak’ world, and Tim Love, who believes we could be at a fascinating entry point for emerging market equities.
1 November 2018Larry Hatheway on Markets: Post-peak = Turbulent times
GAM Investments’ Larry Hatheway outlines his latest multi-asset views, discussing recent market turbulence and whether the bull market is over; the next policy moves by the Fed and ECB; as well as the upcoming US mid-term elections.
30 October 2018Fund Manager Portrait: Tim Love
Alongside his long-time colleague, Joaquim Nogueira, GAM Investments’ Tim Love has been managing emerging market (EM) equity portfolios for 22 years - and another 8 before that. It has proved a partnership that has prevailed through bad times and good and Tim is now optimistic that we stand on the cusp of a secular period of growth for EMs, questioning whether developed economies will be able to keep pace.
26 October 2018Weekly Manager Views
Please find below the notes from GAM Investments’ Weekly Investment Meeting held on 24 October 2018 – this week’s speaker was Michael Lai, who provided an update on the major influences on the Chinese economy and stock market.
25 October 2018Can beta be bested?
For the best part of a decade, investors have been taught that ‘buying the market’ (both equities and bonds) is the path to investment success. But, is this trend really sustainable? GAM Investments’ Roberto Bottoli investigates.
23 October 2018Commodity trade finance: a new option in the hunt for uncorrelated returns
The opportunity set for commodity trade finance is growing. This article seeks to highlight the attractive investment credentials of this relatively unknown and emerging asset class, as well as the risks investors should look out for.
19 October 2018Weekly Manager Views
Please find below the notes from GAM Investments’ Weekly Investment Meeting held on 17 October 2018 – this week’s speakers were Michael Biggs, who provided a fascinating insight into the relationship between fiscal stimulus and inflation, and Jeremy Smouha, who discussed the attractive yields currently available in investment grade credit.
18 October 2018Multi Asset Perspectives: Rotation, Pause or Correction?
Earlier this month the asset allocation committee met to discuss the outlook for markets for the remainder of 2018. A brief summary follows.
15 October 2018Why we are not seduced by US equities
So far this year a significant overweight exposure to US equities would have benefited portfolios. Charles Hepworth outlines why he is now taking a more global view, allocating away from the US, which he views as looking overvalued.
12 October 2018Weekly Manager Views
Please find below the notes from GAM Investments’ Weekly Investment Meeting held on 10 October 2018 – this week’s speakers were Michael Biggs, who talked about the importance of whether interest rate rises are being driven by growth or inflation expectations; Jack Flaherty, who highlighted that downside protection is key in high yield bond portfolios; and Gianmarco Mondani, who rounded up the current opportunities in European long / short equity.
11 October 2018GAM Talks: How are you navigating current market conditions?
We asked a group of our fund managers a series of questions regarding their respective asset classes. This third and final video considers how our managers are currently navigating emerging market equities, local emerging market debt and Japanese equities.
05 October 2018Weekly Manager Views
Please find below the notes from GAM Investments’ Weekly Investment Meeting held on 3 October 2018 – this week’s speaker was Hasan Amjad, who described the growing importance of artificial intelligence and machine learning in systematic trading.
04 October 2018GAM Talks: What are the main risks for your asset class?
This second video looks at the current risks across emerging market equities, Japanese equities and local emerging market debt
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.
28 September 2018Weekly Manager Views
Please find below the notes from GAM Investments’ Weekly Investment Meeting held on 26 September 2018 – this week’s speakers were Michael Biggs, who discussed some of the near-term risks for global growth; Gregoire Mivelaz, who noted the importance of credit quality and income in developed market credit; and Hans Ulrich Jost, who highlighted the appeal of value stocks given the irrational behaviour of the market.
27 September 2018GAM Talks: Why should investors consider your asset class?
We asked a group of our fund managers a series of questions regarding their respective asset classes. This first video, in a series of three, considers their current outlook and why investors should consider their asset class.
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.
25 September 2018Central bank communication: The perils of clarity
With the Federal Reserve expected to raise US interest rates again at its latest meeting, GAM Investments’ Larry Hatheway considers whether US monetary policy is now approaching the neutral zone and whether this might impact the transparency of the central bank’s forward guidance going forward.
21 September 2018Weekly Manager Views
Please find below the notes from GAM Investments’ Weekly Investment Meeting held on 19 September 2018 – this week’s speakers were Larry Hatheway, who discussed the re-emergence of trade frictions and other pertinent factors.
19 September 2018Looking for value in high income credit
Additional Tier 1 (AT1) debt has lost ground versus European High Yield (EHY) debt so far in 2018, with spread differentials currently exceeding 50 bps. The team at Atlanticomnium explain that this not only raises questions about the drivers behind the underperformance of bank AT1s, but also considerations about how risky they are compared to EHY debt.
18 September 2018Multi Asset Perspectives: Quality is king
The asset allocation committee met in early September to discuss the outlook for markets for the rest of 2018. A brief summary follows.
14 September 2018Weekly Manager Views
Please find the notes from GAM Investments’ Weekly Investment Meeting held on 12 September 2018 – this week’s speakers were Larry Hatheway, who discussed global growth and the twin risks to the current benign backdrop, and Adrian Owens, who talked about the opportunities in rates and currencies.
13 September 2018EM: Sound fundamentals meet short-term pressures
Emerging market local currency bonds have had a difficult year so far. Yet, despite a series of headwinds including political risk, US tariffs and sanctions, GAM Investments’ Mike Biggs believes the outlook is positive due to sound economic fundamentals.
11 September 2018Larry Hatheway on Markets - September 2018
GAM Investments’ Larry Hatheway outlines his latest multi-asset views, discussing what has caused the sharp bifurcation of market performance this year, whether equity markets will be driven by rotation and fresh leadership, and the key risks to markets for the remainder of 2018.
6 September 2018The outlook for Argentina
Michael Biggs, Investment Manager, Emerging Markets Fixed Income, takes a look at the macroeconomic challenges currently faced by Argentina, what policymakers are doing to address them and why the medium-term outlook for the country looks positive.
4 September 2018EM equity: Is the glass half full?
With emerging market (EM) equities, in aggregate, falling 20% in US dollar terms between the January 2018 peak and late August lows, GAM Investments’ Tim Love, believes this price action may potentially provide an attractive entry point for investors.
30 August 2018Japan: Are its well-known deterrents still justified?
The investment community has exhibited long-held concerns towards investing in Japanese equities. GAM Investments’ Ernst Glanzmann and Reiko Mito examine some of these so called ‘deterrents’ and considers whether there are also some opportunities to be found.
28 August 2018The Relentless Logic of the S&P 500
With so many apparent headwinds to global equity markets, GAM Investments’ Julian Howard examines the resilience of the S&P 500 index and finds justification for its relative invulnerability.
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.
21 August 2018The disappearance of tangible equity in the US
There is a strong rationale for considering tangible equity when assessing corporate balance sheets.
16 August 2018EM equity: a great diversity of factors
Joaquim Nogueira, an emerging markets (EM) equity specialist at GAM Investments, provides his view on some of the major economies in this singular segment of the global equity universe, at a time when he feels that recent price action has provided a new opportunity to selectively buy EM stocks.
Tuesday, August 14, 2018Stick with quality
GAM Investments’ group head of investment solutions and chief economist, Larry Hatheway, summarises his view of the prevailing market conditions and provides his investment outlook for the second half of 2018.
Friday, August 10, 2018Fund Manager Portrait: Reiko Mito
Reiko has been managing Japanese equity portfolios for 18 years and, since joining GAM, has become an integral component of our settled Japan equity team, which has established an attractive track record. So, what’s their secret?
Tuesday, August 07, 2018The Trade Leadership Deficit
Even if Donald Trump’s protectionism proves to be a short-run aberration, US global dominance is likely to continue to decline. GAM Investments’ Larry Hatheway believes to ensure that US hegemony gives way to a peaceful and prosperous global balance of power, the European Union must step up.
2 August 2018Priced for Perfection
GAM Systematic’s Anthony Lawler explains how investors can seek to diversify their portfolios at a time when valuations in both equity and bond markets are beginning to look stretched.
Thursday, August 02, 2018Priced for Perfection
GAM Systematic’s Anthony Lawler explains how investors can seek to diversify their portfolios at a time when valuations in both equity and bond markets are beginning to look stretched.
Tuesday, July 31, 2018Coupon collecting: A silent march
In the post-2008 era, finding attractive sources of yield has proved a perennial challenge. Jeremy Smouha explains that it remains possible to construct a high-quality portfolio with a significant yield premium. However, the ride is not always a smooth one.
Friday, July 27, 2018Weekly Manager Views
Please find below the notes from GAM Investments’ Weekly Investment Meeting held on 25 July 2018 – this week’s speaker was Ali Miremadi, who outlined his broad approach to managing global equity portfolios and commented on the prevailing environment.
Thursday, July 26, 2018Larry Hatheway on Markets - July 2018
Group Head of GAM Investment Solutions and Group Chief Economist Larry Hatheway discusses what is currently eroding market performance and investor conviction, how political events in the UK could impact Brexit and sterling, and whether there is still a case for an allocation to risk assets.
Tuesday, July 24, 2018More art than science
For the best part of 30 years, Japan has been the market to avoid for most investors. For half of this period, GAM’s Ernst Glanzmann has been trying to make sense of the riddle of how to invest in Japan successfully and his singular approach has yielded some undoubted benefits. As he celebrates a personal milestone of 15 years in the role, Ernst shares some insights and anecdotes from his colourful career in this ‘no holds barred’ Q&A.
Friday, July 20, 2018Weekly Manager Views
Please find below the notes from GAM Investments’ Weekly Investment Meeting on 18 July 2018 – this week’s speaker was Michael Biggs, who explained why he believes the outlook for global growth remains intact and highlighted the risks of an escalation in the trade war.
Thursday, July 19, 2018European equities: stock specific fundamentals remain key
GAM Investment's Niall Gallagher observes that there was a sector rotation within European equity markets in June which has continued into July. He outlines the drivers behind that market move and presents the reasons why he believes it will not prove a long lasting trend.
Tuesday, July 17, 2018China’s growing influence on global markets
China’s burgeoning middle class is creating huge growth in consumption in areas such as luxury goods, cars and beverages. This is having an impact not just domestically but across global markets. GAM’s investment managers discuss the part China is playing within their respective area.
Friday, July 13, 2018Weekly Manager Views
Please find below the notes from GAM Investments’ Weekly Investment Meeting on 11 July 2018 – this week’s speaker was Larry Hatheway, who discussed the possible effect of the US imposing further trade tariffs on China and the implications of political manoeuvring in the UK for Brexit and sterling.
Tuesday, July 10, 2018European CRE Debt: Secured Income with Downside Protection
European commercial real estate (CRE) direct lending strategies have gained in popularity among investors, primarily due to the high level of secured income and downside protection. The pan-European market offers an expanding and evolving opportunity set, with the most attractive countries currently Ireland, Spain and the Netherlands.
Friday, July 06, 2018Weekly Manager Views
Please find below the notes from GAM Investments’ Weekly Investment Meeting on 4 July 2018 – this week’s speaker was Michael Biggs, who explained why he believes the outlook for risky assets remains promising and provided an update on emerging market fundamentals.
Wednesday, July 04, 2018EM: Everything has its price
Year-to-date emerging market (EM) equities have proved more volatile than usual. GAM Investments' Tim Love examines the contributory factors and explains why he maintains a positive view
Friday, June 29, 2018Weekly Manager Views
This week’s speakers was Ernst Glanzmann, who outlined some compelling reasons why he believes global asset allocators should consider increasing their exposure to Japanese equities.
Thursday, June 28, 2018Seeking Out Disruptors
Q&A with GAM’s Mark Hawtin on disruption in the technology sector
Friday, June 22, 2018Weekly Manager Views
Please find below the notes from GAM’s Weekly Investment Meeting on 20 June 2018 – this week’s speakers were Mark Hawtin, commentating on the latest developments in the technology space, and Jonathan Stanford, with insights into the world of convertible bonds.
Thursday, June 21, 2018Multi Asset Perspectives: Playing the range
Volatility revisited markets last month, but overall equities made modest gains. Against this backdrop, the global asset allocation committee met this week to discuss investment strategy. A brief summary follows.
Tuesday, June 19, 2018Greenback Redux could be seismic
The US dollar has experienced significant moves in each direction during the era of the Trump administration. GAM’s Julian Howard explains why a further strengthening of the world’s reserve currency could have a bigger impact than previously.
Monday, June 18, 2018Larry Hatheway on Markets - June 2018
Chief economist and head of GAM Investment Solutions Larry Hatheway discusses the risks facing equity markets, whether the US dollar will strengthen from here and what that means for portfolios as well as what we can expect from the Fed over the remainder of this year.
Friday, June 15, 2018Weekly Manager Views
Please find below the notes from GAM’s Weekly Investment Meeting on 13 June 2018 – this week’s speakers were Larry Hatheway, commentating on the latest central bank deliberations, and Michael Lai, who provided some detailed insight on Chinese equities.
Thursday, June 07, 2018Searching out the real fixed income opportunities
The US bond market has certainly become cheaper in recent months, but GAM’s Adrian Owens believes more attractive investment opportunities can be found beyond the US.
Tuesday, June 05, 2018European equities to prosper despite Italian politics
The Italian economic recovery is stronger than is currently being reflected in economic data, despite recent political turmoil. GAM’s Niall Gallagher believes the outlook for the European economy remains positive and any contagion is likely to be modest
Friday, June 01, 2018Weekly Manager Views
Please find below the notes from GAM’s Weekly Investment Meeting on 30 May 2018 – this week’s speakers were Michael Biggs, commentating on the macroeconomic backdrop and the outlook for emerging markets, and Jeremy Smouha, discussing the disconnect between the fundamentals and pricing of high-quality, developed market credit.
Friday, June 01, 2018Navigating around the protectionist quagmire
While protectionism can cast a shadow over economies with an elevated trade component to GDP, GAM’s Tim Love believes it is a fallacy to blindly place all emerging markets into this category.
Tuesday, May 29, 2018Is now a good time to consider commodities?
Commodities are among the strongest performers so far this year, GAM’s Fabien Weber suggests the renewed interest in the asset class is based on improving fundamentals that could persist for the next few years.
Friday, May 25, 2018Weekly Manager Views
Please find below the notes from GAM’s Weekly Investment Meeting on 23 May 2018 – this week’s speaker was Camilla Schelpe, commentating on the development of an options-based risk management approach
Friday, May 25, 2018Weekly Manager Views
Please find below the notes from GAM’s Weekly Investment Meeting on 23 May 2018 – this week’s speaker was Camilla Schelpe, commentating on the development of an options-based risk management approach
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.
Wednesday, May 23, 2018Larry Hatheway on Markets - May 2018
Group Head of GAM Investment Solutions and Group Chief Economist, Larry Hatheway, discusses whether markets are likely to remain range-bound for the rest of the year, what factors are behind the change in market sentiment, and if financial conditions and policy settings are still supportive of global growth.
Friday, May 18, 2018Weekly Manager Views
Please find below the notes from GAM’s Weekly Investment Meeting on 16 May 2018 – this week’s speaker was Larry Hatheway, commentating on the fact markets are currently struggling to find a direction.
Wednesday, May 16, 2018Multi Asset Perspectives – Caution Prevails
In contrast to the year’s earlier volatility, markets are currently range-bound and lack conviction. Against this backdrop, the Asset Allocation Committee met last week to discuss investment strategy. A brief summary follows.
Friday, May 11, 2018Weekly Manager Views
Please find the notes from GAM’s Weekly Investment Meeting on 9 May 2018 – this week’s speakers were Mirjam Heeb, commentating on a positive start to the year for the health innovation sector, and Fabien Weber, discussing the reasons behind the renewed interest in commodities.
Tuesday, May 08, 2018The Tide Has Turned
A Q&A with portfolio manager Jian Shi Cortesi on China and Asia ex Japan equities…
Friday, May 04, 2018Weekly Manager Views
Please find below the notes from GAM Investments' Weekly Investment Meeting on 2 May 2018 – this week’s speakers were Larry Hatheway, commentating on the latest macro events, and Mike Biggs, discussing a new approach to accessing emerging market local debt.
Thursday, May 03, 2018An Alternative Approach To Accessing EM Local Debt
GAM Investments' Michael Biggs believes that while some investors have been reluctant to allocate to emerging market (EM) local currency debt, many of the inherent risks can be hedged by diversifying funding currencies while potentially enhancing risk-return characteristics.
Tuesday, May 01, 2018The Worried Well
The ‘worried well’ constitutes an established medical phenomena of patients who present to medical professionals with symptoms which – upon investigation – yield no underlying morbidity. This medical analogy is useful for assessing the current state of investment markets because, while it is easy to point to a laundry list of risks facing investors, it is much harder to conclude that the fundamentals which underpin the markets in the medium- to-long term are under dire threat.
Thursday, April 26, 2018Large-cap Tech - some perspective
GAM Investments' Mark Hawtin says that despite negative stories around the large-cap technology sector causing some setbacks this is not the start of a secular rotation away from growth technology, rather a healthy market development.
Friday, April 20, 2018Larry Hatheway on Markets - April 2018
Chief economist and head of GAM Investment Solutions, Larry Hatheway, discusses whether the recent equity market sell offs are indicative of fundamental issues or more sentiment driven and in fact a buying opportunity, if we should be concerned about an escalation in trade wars between the US and China as well as other markets, and whether global growth is peaking.
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, April 10, 2018Multi Asset Perspectives - Buying time
Monday, April 09, 2018Navigating a potential trade war
With global equity markets slumping before staging a v-shaped recovery on the run up to the Easter holiday period, GAM Investments' investment experts give their view on the likelihood, and potential implications of, a US-inspired trade war.
Friday, April 06, 2018The Post-New Normal Era
As featured in Bloomberg Prophets, GAM Investments' Larry Hatheway believes that higher US wage inflation is leading market participants to doubt that the Fed can remain committed to "gradual normalisation."
Wednesday, March 28, 2018Larry Hatheway on Markets - March 2018
Chief economist and head of GAM Investment Solutions, Larry Hatheway, discusses what happened to the markets in early February, how significant the spectre of US protectionism will be and whether markets should be worried about rising inflation.
Tuesday, March 20, 2018China: Evolution, Not Revolution
Jian Shi Cortesi, portfolio manager for China and Asia equity strategies, takes a look at China’s transition to a consumer-driven economy and its significance for the world’s second-largest economy.
Thursday, March 15, 2018German Equities – Consistent Rewards for Patient Investors
The sudden return of sharp bouts of equity market volatility at the beginning of February 2018 served once more as a reminder to investors that there is never room for complacency in capital markets. The strong returns made in January 2018 evaporated within a short period of time. Oliver Maslowski, fund manager at GAM, on the merits of longer investment horizons, based on the German stock market’s example.
Wednesday, March 14, 2018Managing the new risks
Managing the new risks
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.
6 March 2018Fund Manager Portrait: Roberto Bottoli
"In the prevailing environment, investors are finding fewer and fewer sources of meaningful yield with low volatility from the fixed income universe."
Tuesday, February 27, 2018China: Gently Applying the Brakes
He’s a few months into his new term as re-elected president, so how is China’s President Xi Jinping continuing to shape the world’s second-largest economy for the future? Investment director, Michael Lai takes a look.
Friday, February 23, 2018Can Emerging Markets Take Centre Stage?
Emerging markets have weathered many a storm, including significant political turbulence over the last few years. But, following early February’s volatility surge, can they continue to rally? GAM’s Tim Love takes a look.
Monday, February 19, 2018Larry Hatheway on Markets - February 2018
Chief economist and head of GAM Investment Solutions, Larry Hatheway, discusses the changing macroeconomic environment, including whether we are reaching the end of the equity bull market, his expectations for inflation and monetary policy and the implications for portfolio construction.
Thursday, February 15, 2018Year of the Dog
The Chinese New Year begins on 16 February 2018, when we enter the Year of the Dog, which in Chinese astrology symbolises positive traits such as loyalty, honesty and faithfulness. The dog itself is also viewed as a lucky animal by the Chinese. Michael Lai, investment director, considers whether the Year of the Dog will be a good one for investors.
Wednesday, February 14, 2018The post-new normal has arrived
The post-new normal has arrived
Monday, February 12, 2018The European Catch-up Trade
European equities delivered solid returns in 2017. But, as GAM Investments’ Niall Gallagher points out, performance was actually much stronger than it appears at first glance and there could be considerably more to come.
Friday, February 09, 2018Time to Get Active: A Cyclical View
GAM’s Matthew Beesley explores the historic dynamic between the outperformance of active versus passive funds and discovers that it demonstrates deeply cyclical tendencies.
Monday, February 05, 2018Japan: The Sun Rises Again
The Nikkei 225 index, Japan’s most widely quoted barometer of stock market health, has endured many ‘red’ days since peaking at a level above 38,000 points almost three decades ago. However, it is currently enjoying something of a ‘black’ renaissance, having reached a 26-year high in early January. GAM investments’ Ernst Glanzmann and Reiko Mito explain why they believe there could be much further upside to come.
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.
30 January 2018Fund Manager Portrait: Ernst Glanzmann
After years of false dawns and ‘dead cat bounces’, Japanese equities surged to a 26-year high in early January. So, what better time to gain some valuable insights from a veteran who has watched events unfold both in Japan and from afar?
Tuesday, January 23, 2018Seeking (alternative) beta through a robust investment process
Two of the most attributes attributes of alternative risk premia strategies are their transparency and the purity of the underlying algorithms. But GAM Investments’ Paolo Scripelliti explains that there is an important distinction between simplicity and naievety.
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.
Friday, January 19, 2018Larry Hatheway on Markets - January 2018
Chief economist and head of GAM Investment Solutions, Larry Hatheway, discusses how long the equity bull market can continue, his expectations for inflation in the year ahead and why the dollar has weakened.
Tuesday, January 16, 2018Are Super-Elevated Profits Serving Investors Well?
US profit margins as a percentage of GDP are close to all-time highs. For many, this is a sign of corporate health further corroborated by the S&P 500’s third quarter profit growth of over 11% on the previous year. Good news it would seem but GAM’s Julian Howard believes the real issue for investors is how long it will last and are sustained high profits even desirable?
Tuesday, January 09, 20182018 Outlook – Investment Themes to Watch
GAM’s investment experts highlight what they believe will be the top investment themes for 2018 in their specialist fields.
Thursday, January 04, 2018Beyond The First Bitcoin Crash
What will be the lasting impact of crypto currencies and blockchain technology?
Thursday, January 04, 20182018 Outlook – Events to Watch out for this Year
GAM’s investment experts highlight what they believe will be the key events to look out for over the course of 2018 in their specialist fields.
Thursday, January 04, 2018China: Averting a Minsky Moment
Rather than seeing a sudden collapse of asset prices, GAM Investments’ Michael Lai believes that certain areas of the Chinese economy will continue to expand robustly, broadly underpinning the equity market.
Thursday, December 21, 2017Trouble With The Curve
When what is supposed to be a curve is more akin to a flat line, it can be interpreted as a sign of trouble ahead, as GAM’s Julian Howard explains.
Tuesday, December 19, 2017An Investor’s Holiday Wish List
This time last year, Larry Hatheway's single wish for 2017 was that greater empathy would enter the human consciousness and become manifest in areas such as modernity, immigration and free trade. Read his wish for 2017.
Tuesday, December 12, 20172018 Outlook – The Merits of Active Management
GAM’s investment experts share insights on how active management adds value in their specialist fields.
Monday, December 11, 2017What can investors expect in 2018?
What can investors expect in 2018?
Thursday, December 07, 2017Larry Hatheway on Markets - December 2017
Chief economist and head of GAM Investment Solutions, Larry Hatheway, discusses the macroeconomic outlook for 2018, including his expectations for global equity and bond markets, monetary policy and the biggest risks to investors in the year ahead.
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 28, 2017The Balanced Portfolio Has Had Its Time
As originally featured in Bloomberg Prophets, Larry Hatheway believes the days are numbered for the multi-asset trinity of positive correlation, high return and low volatility.
Wednesday, November 22, 2017UK Autumn Budget
On 22 November, following a particularly animated Prime Minister’s Questions with Jeremy Corbyn and Prime Minister Theresa May, Chancellor Phillip Hammond stood up to deliver his Autumn budget. GAM’s investment director Charles Hepworth highlights the key takeaways.
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.
Thursday, November 09, 2017Larry Hatheway on Markets - November 2017
Chief economist and Head of GAM Investment Solutions, Larry Hatheway, discusses the current global macro environment, the biggest risks to investors in the remainder of 2017 and the impact of political uncertainty on markets.
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.
Thursday, November 02, 2017Too early to be contrarian?
Too early to be contrarian?
Thursday, November 02, 2017The Importance Of Dividends
With bond yields continuing to hover around historically low levels, GAM’s Adrian Gosden and Chris Morrison revisit the case for accruing and reinvesting dividend income from a portfolio of equities.
Tuesday, October 31, 2017Can The Emerging Markets Rally Continue?
Michael Biggs, investment manager, emerging markets fixed income at GAM explains why he believes the current emerging markets rally has further to go.
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 25, 2017Larry Hatheway on Markets - October 2017
Chief economist and Head of GAM Investment Solutions, Larry Hatheway, discusses the current global macro picture, the on-going Q3 earnings season and the effect of the expected tapering by central banks on the markets.
Thursday, October 19, 2017Risk Factor: Beyond the Linear Approach
For many investors with traditional long-only equity and bond portfolios, the era following the Global Financial Crisis (GFC) has proved a very lucrative one. Risk assets, such as equities and bonds, have been driven relentlessly higher, largely by central bank liquidity. This has been an indiscriminate rally, or 'a rising tide that has lifted all boats'. As a result, equity and bond markets per se look expensive.
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.
Tuesday, October 17, 2017Outlook: Hitting the Target
Although not ‘all weather’, the standard asset allocation approach has served investors well. However, it is time for a rethink: the 60-40 model of a balanced portfolio of stocks and bonds no longer looks fit for purpose. GAM’s Head of Investment Solutions and Chief Economist Larry Hatheway explains why.
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.
Thursday, October 05, 2017Low Index Volatility: Great Active Opportunities?
Kenneth Liew, Portfolio Manager, Multi Asset Portfolio Solutions takes a look at low index volatility, important underlying trends – and the impact on portfolio construction.
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.
Monday, October 02, 2017Active Management Fights Back!
Over the last few years, competition has increased in the asset management industry, fees have been under pressure and performance among active managers has, in aggregate, been disappointing. It wasn’t always this way. And we think it won’t be this way as we look forward.
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 28, 2017Snap Election in Japan: An Investor’s View
On Monday Prime Minister Shinzo Abe announced his plans to dissolve the lower house of Japan’s parliament on 28 September and to call a snap election in October. What will be the impact for markets against the backdrop of encouraging fundamentals but prevailing tensions with North Korea?
Wednesday, September 27, 2017Larry Hatheway on Markets - September 2017
Chief economist and Head of GAM Investment Solutions, Larry Hatheway, discusses the outlook for global equity and bond markets, his expectations for monetary policy and the biggest risks to investors in the next quarter.
Friday, September 22, 2017Few signs of a global growth deceleration
Few signs of a global growth deceleration
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.
Thursday, August 31, 2017Trend Is Not Your Only Friend
Simple rules on macro assets can create very attractive returns. We present a simple Trend system and a simple Carry system in which the combination of the two return streams appears very attractive.
Thursday, August 31, 2017Trend and Value - A Dynamic Duo
Our belief has been and continues to be that Trend and Value are complementary strategies and, in the long run, are stronger than the sum of their parts when managed as an integrated product.
Tuesday, August 29, 2017Why Stocks Can Shrug Off Bonds
This year, equity markets have broadly advanced, despite significant gyrations in bond yields. To some, that seems odd. How can stocks ignore bond moves, in particular episodes of rising yields? Chief economist Larry Hatheway explains why.
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.
Tuesday, August 15, 2017Larry Hatheway on Markets - August 2017
Chief economist and Head of GAM Investment Solutions, Larry Hatheway, discusses how global equity and bond markets are performing, the outlook for the dollar and whether economic expansion in emerging markets is sustainable.
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.
Wednesday, August 09, 2017Fear of missing out?
Fear of missing out?
Tuesday, August 08, 2017Sterling: Pounded Down Far Enough?
The British pound has been the subject of repeated doom-mongering since the Brexit referendum more than a year ago. Joachim Corbach, GAM’s Head of Currencies and Commodities, questions whether there really is more material downside for sterling from the prevailing depressed levels. This article originally featured in Fund Strategy.
Friday, August 04, 2017Normalisation: A Turning Point?
Tim Haywood, investment director for fixed income, says that with policy normalisation from central bankers in both Europe and North America driving bond yields aggressively upwards, June may be remembered as a turning point for fixed income markets.
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.
Thursday, July 27, 2017Larry Hatheway on Markets - July 2017
Chief economist and Head of GAM Investment Solutions, Larry Hatheway, discusses the outlook for global equity and bond markets, his expectations for the remainder of the second quarter earnings season and monetary policy over the next quarter.
Tuesday, July 25, 2017India: On the Cusp of a Multi-year Bull Market?
Madhav Bhatkuly considers recent milestones for the Indian economy, including the implementation of the Goods and Services Tax bill and the rapid transformation of the financial services sector, and explains why Indian equities could be on the cusp of a multi-year bull market.
Wednesday, July 19, 2017Why Active?
As featured in Citywire Wealth Manager, Larry Hatheway, chief economist and head of GAM Investment Solutions, explains how active and passive strategies play a part in GAM’s multi-asset portfolios.
Thursday, July 13, 2017The David and Goliath Aspects of China’s A-share Market
Tim Love, investment director for emerging market equities, considers the significance of the inclusion of China A-shares in the MSCI Emerging Markets index.
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.
Friday, July 07, 2017A Tale of Two Halves
A Tale of Two Halves
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.
Tuesday, July 04, 2017The Fed May Not Have Investors' Backs For Much Longer
The US equity market’s implicit guarantee against instability might be coming to an end. Julian Howard, Head of Multi Asset Solutions at GAM considers why now, and how investors can mitigate the risks and reposition for more reliable income.
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.
Friday, June 23, 2017Stocks Aren't as Pricey as This Ratio Suggests
The Shiller P/E ratio is high, but a valuation-based crash is unlikely so long as global earnings continue to grow. As featured on Bloomberg, chief economist Larry Hatheway explains why.
Thursday, June 22, 2017Larry Hatheway on Markets - June 2017
Chief economist and Head of GAM Investment Solutions, Larry Hatheway, discusses the outlook for global equity and bond markets, the impact of stalling or falling inflation and the biggest risks for investors over the next quarter.
Tuesday, June 20, 2017After Inflation
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 09, 2017UK General Election Outcome – What Now for Markets?
Charles Hepworth, investment director at GAM, comments on the outcome of the UK General Election.
Tuesday, June 06, 2017UK General Election – What are the Polls Indicating?
Charles Hepworth, Investment Director at GAM, considers what the outcome of the UK General Election could mean for markets.
Monday, June 05, 2017From Policy-Guided to Fundamentally-Driven Markets
The Global Financial Crisis (GFC) was seen by some as having the potential to mark the end of capitalism as we know it. Within financial markets there is plenty of evidence to suggest this has indeed been the case.
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 31, 2017Why the End of the Trump Trade is Good for Markets
The so-called Trump trade is in trouble. As featured in Citywire Wealth Manager, Julian Howard, Head of Multi Asset Solutions at GAM, explains why this is good for markets.
Thursday, May 25, 2017Larry Hatheway on Markets - May 2017
Chief economist and Head of GAM Investment Solutions, Larry Hatheway, discusses the outlook for global equity and bond markets, the impact of recent political uncertainty in the US and the significance of the forthcoming UK election and monetary policy decisions for markets.
Tuesday, May 23, 2017Comma Separated Vexation
As featured in HFM Technology, Tom Howat, Tom Howat, Chief Technology Officer at GAM Systematic I Cantab, discusses the need for greater standardisation when communicating trades.
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.
Monday, May 15, 2017After Reflation
Thursday, May 11, 2017EM – Why Now?
Tim Love, investment director at GAM, discusses the outlook for emerging market equities in 2017 and analyses where the best opportunities are likely to lie in a turbulent political landscape.
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, May 04, 2017Redefining Safe Havens
As riskier assets defy doomsday expectations amid global economic uncertainty, GAM's Doug Branson warns investors not to blindsided against opportunity in the search for a safe place to hide.
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.
Friday, April 28, 2017Growth No Longer Surprising to the Upside
Growth No Longer Surprising to the Upside
Friday, April 28, 2017Larry Hatheway on Markets - April 2017
GAM Chief Economist and Head of Investment Solutions Larry Hatheway comments on the outlook for global fixed income and equity markets.
Tuesday, April 25, 2017All Eyes on the UK
Following the triggering of Article 50 and confirmation of the snap election on 8 June, the UK’s political journey is being closely monitored and greatly speculated upon by market participants around the world. GAM Investment Director Tim Haywood comments on why his home market has also become his favourite short.
Friday, April 21, 2017The Remote But Real Risk in European Equity Markets
Political risk is very much back on the agenda and even seemingly remote out comes cannot be discounted. While Gianmarco Mondani, Roberto Cantaluppi and Paolo Longinotti are wary of potential turbulence, they are also optimistic about the return to the market of differentiation at the stock level.
Wednesday, April 19, 2017Cheer or Fear? The European Investment Dilemma
Europe’s election calendar reads like a political minefield, with prospects appearing all the more bleak with the French elections throwing up the possibility of a break-up of the euro zone and the European Union. Julian Howard, head of Multi Asset Solutions, considers the dilemma this presents for investors, particularly in light of an improving economic and earnings picture for both France and Europe.
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, April 11, 2017A Game You 'Probably' Can't Lose
GAM Systematic’s Dr Ewan Kirk and Dr Tom Gillam pay a short visit to a world of odds-based binary bets and apply their findings to a more familiar financial landscape.
Thursday, April 06, 2017Pair Trades to Pare Risk
In recent years, accessing the cheap beta of equity markets has been one of the best ways to invest. However, with dispersion becoming increasingly evident and potential political storm clouds gathering on the horizon, GAM portfolio managers Andy Kastner and Désirée Mueller ponder whether it might be a good time to reconsider a market neutral approach to investing in European equities.
Tuesday, April 04, 2017Argentina – Expecting Entry Points to Materialise
Argentina’s economic history is complex and unfortunate, characterised by booms and dramatic busts in recent decades. Tim Love, Investment Director for emerging market equities, discusses why Argentinian equities will soon present a buying opportunity.
Thursday, March 30, 2017Beware a Receding Tide
As featured in Investment Week, Niall Gallagher, Investment Director for European equities at GAM, considers the outlook for European markets.
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.
Monday, March 27, 2017Larry Hatheway on Markets - March 2017
GAM Chief Economist and Head of Investment Solutions Larry Hatheway comments on the outlook for global fixed income and equity markets.
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.
Tuesday, March 21, 2017Preparing for Normalisation
US stock indices are trading at, or near record highs, US household wealth is booming and US inflation is edging ever closer to the Federal Reserve’s (Fed) 2% target. Anthony Smouha and Gregoire Mivelaz, who co-manage a number of GAM’s credit strategies, ponder the implications of a potential ‘normalisation’ of monetary policy for fixed-income investors.
Friday, March 17, 2017Reflation or Complacency?
Reflation or Complacency?
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.
Friday, March 10, 2017Convertible Arbitrage – Back from the Dead?
Convertible Arbitrage – Back from the Dead?
Thursday, March 09, 2017Should Investors Switch into Cyclical Stocks?
Since July 2016, we witnessed a massive rotation from the defensive segments of the equity market into cyclical stocks. Carlo Capaul, GAM’s Head of Global Equities in Zurich, believes that investors need to weigh up the risks carefully before jumping on a moving train.
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?
Thursday, February 23, 2017Larry Hatheway on Markets - February 2017
GAM Chief Economist and Head of Investment Solutions Larry Hatheway comments on the outlook for global fixed income and equity markets.
Friday, February 17, 2017Engage but diversify
Engage but diversify
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...
Monday, February 13, 2017Will Politics Trump Economics?
President Donald Trump has inherited an economy that is in much better shape than his predecessor did eight years ago. Nonetheless the new president has ambitious plans for his first 100 days in office. As featured on CNBC, Larry Hatheway, Chief Economist and Head of GAM Investment Solutions, considers just how much President Trump can achieve and what the likely impact on capital markets will be.
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.
Monday, February 06, 2017Merger arbitrage a lower-risk option to play US regulatory changes
Merger arbitrage a lower-risk option to play US regulatory changes.
Tuesday, January 31, 2017Larry Hatheway on Markets - January 2017
Thursday, January 26, 2017Politics, Mortgages & Trump
Market Update – US Mortgage Market, Q4 2016
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, January 19, 2017Trump: Can He?
The inauguration of Donald Trump as the 45th President of the United States will be held tomorrow in Washington, D.C, marking the commencement of his four-year term in office. As featured on Citywire Wealth Manager, Julian Howard, Head of Multi Asset Solutions at GAM, considers what would constitute truly successful US economic policy and whether President-elect Trump can deliver it.
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.
Thursday, January 12, 2017EU Equities – Selection is Key
As featured on Investment Week, Niall Gallagher, Investment Director for European equities at GAM, explains why European companies continue to offer investors interest opportunities for returns in 2017, but warns that careful stock selection will be key.
Tuesday, January 10, 20172017 Outlook – Contrarian Trades
A number of major political and economic events shaped financial markets in 2016, forcing investors to navigate a landscape of heightened volatility. But with uncertainty likely to continue through 2017, GAM’s investment managers have identified some unique investment opportunities that go against the grain.
Thursday, January 05, 20172017 Outlook – Key Events
With so much happening in parallel across political, economic and financial landscapes, it seems daunting to try to identify the one event that shaped 2016. In the following short statements, our investment experts share their predictions on which events will prove pivotal in 2017.
Tuesday, January 03, 2017After the BRICs, it’s Time to Focus on the VARPs
Tim Love, Investment Director for emerging market equities at GAM, considers the major growth opportunities offered by Vietnam, Argentina, Romania and Pakistan.
Saturday, December 31, 2016Alternative Beta - Experiences of the Last 12 Years
Dr Lars Jaeger, Head of Alternative Risk Premia, GAM Systematic discusses prospects and latest developments.
Thursday, December 29, 201615 Years of the Euro
New Year’s Day will mark 15 years since the physical euro currency was implemented. Joachim Corbach, Head of Currencies & Commodities at GAM, considers the politics behind the introduction of the single currency, its future and what this means for investors.
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.
Wednesday, December 21, 2016A Single Wish for 2017
Twelve months ago Larry Hatheway published a holiday wish list of five things he hoped would prevail in 2016. Sadly, few of those wishes came true this year - so this year the list is pared to one.
Monday, December 19, 20162017 Outlook – The Investment Themes to Watch
2016 was a year of erratic markets and geopolitical shocks that sent fundamentals into the shadows. Bourses moved on speculation and surprise, challenging market participants. GAM’s investment experts put forward their key themes for the year ahead.
Thursday, December 15, 2016Hedge funds: 2017 outlook – Growing uncertainty may present opportunities for active management
2017 outlook – Growing uncertainty may present opportunities for active management.
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.
Wednesday, December 14, 2016Larry Hatheway on Markets - December 2016
Tuesday, December 13, 2016Is There Anything Left for Fixed Income Investors in Brazil?
Denise Prime, Investment Manager, examines the potential for Brazil to outperform in 2017 and the opportunities for fixed income investors.
Monday, December 12, 2016Investors look to likely path of US rate rises in months ahead
Investors look to likely path of US rate rises in months ahead.
Friday, December 09, 2016The Consumer Takes Over
A Q&A with Jian Shi Cortesi, who has been managing a consumer-focused China equity strategy for three years.
Thursday, December 08, 2016You Probably Can't Lose
What can an interesting and surprising experiment with finance students and finance professionals tell us about financial decisions and how to maximise extracting returns from low information content systems?
Thursday, December 08, 2016Productivity Growth Now?
John Lambert, Investment Director at GAM, blows the productivity mismeasurment myth. The future is more hyperbole than hypergrowth.
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, December 01, 2016Contagion? Probably Not
Global equity manager Robert Smithson outlines his views on the potential outcomes and implications of the upcoming elections and referendums across Europe.
Tuesday, November 29, 2016Chinese Equity Rally Imminent?
Chinese shares rallied following the Trump election outcome and in contrast to most other emerging markets. GAM’s Asia-Pacific equity manager Michael Lai, who also runs a dedicated China portfolio, explains why he sees Chinese stocks well positioned for further upside.
Friday, November 25, 2016Machine Learning Masterclass
Computers can now drive cars more safely than humans and beat world champions at games as complex as chess and Go. So can they, and should they, be let loose with investment portfolios? We bring together two experts to discuss the potential and the limits of machine learning. (Source: Asset TV)
Tuesday, November 22, 2016Connecting China's Exchanges
Jian Shi Cortesi, investment manager for Chinese equities at GAM, discusses the development of the Shanghai-Hong Kong Stock Connect Programme as it celebrates its second year anniversary.
Thursday, November 17, 2016Larry Hatheway on Markets - November 2016
Tuesday, November 15, 2016Saudi Arabia Delights Investors
Saudi Arabia’s first-ever US dollar government bond issuance - the largest emerging market sale in history – has caused a stir in financial markets. Amy Kam, a GAM fixed income portfolio manager, explains the wider significance for Saudi Arabia and investors.
Monday, November 14, 2016Applying Quantum Technologies
Dr Lars Jaeger, Head of Alternative Risk Premia, GAM Systematic discusses the striking and surprising parallels between quantum theory and the development of our understanding of returns across the global capital markets over the last 10 years.
Wednesday, November 09, 2016Macro and Asset Allocation After Trump
A first reaction from Larry Hatheway, Chief Economist and Head of Multi Asset Portfolio Solutions, on the implication of the US election result for investors.
Wednesday, November 09, 2016#PresidentTrump - What now for Markets?
GAM investment managers comment on their sectors of expertise following the outcome of the US elections.
Thursday, November 03, 2016Hedge funds: Seven-month winning streak comes to an end but remains positive year-to-date
Seven-month winning streak comes to an end but remains positive year-to-date.
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.
Tuesday, November 01, 2016Alternative Risk Premia
Dr Lars Jaeger, Head of Alternative Risk Premia, GAM Systematic discusses the new generation of alternative investments that are available in liquid, cost-efficient and transparent formats.
Tuesday, November 01, 2016Innovation and Robotics Inspire Japan’s Revival
Reiko Mito shares some surprising insights and experiences from her recent trip to Japan.
Tuesday, November 01, 2016Strong House Price Support Despite Political Turmoil
Market Update – US Mortgage Market, Q3 2016
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.
Monday, October 24, 2016Why China’s Debt Swap Is Good for Stocks
Despite initial scepticism, the debt-to-equity swap program is good news for banks. Michael Lai, investment director.
Friday, October 21, 2016Larry Hatheway on Markets - October 2016
GAM Chief Economist and Head of Multi Asset Portfolio Solutions Larry Hatheway comments on the outlook for global fixed income and equity markets.
Tuesday, October 18, 2016All Hail King Carry
Following the death of the 60:40 portfolio, carry is creeping in as a fresh return-generation focus. Julian Howard, Investment Director, examines harnessing carry without relying on traditional fixed income securities.
Friday, October 14, 2016Will the Fed and ECB start adopting less accommodative policy stances?
Will the Fed and ECB start adopting less accommodative policy stances?
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.
Monday, October 10, 2016Hedge funds: Run of positive monthly gains continues in September
Hedge funds: Run of positive monthly gains continues in September
Thursday, October 06, 2016Russian Rally: Can it Continue?
Can the rally in Russian equities continue? Erdinç Benli looks at risks and opportunities.
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, 2016Negative Yielding Corporate Bonds: Irrational?
The world of negative interest rates reached new levels earlier this month when the first negative yielding euro corporate bonds were sold. Enzo Puntillo, head of fixed income at GAM, considers the significance of this for investors.
Thursday, September 29, 2016OPEC Oil Decision
Roberto Cominotto comments on the OPEC meeting outcome.
Tuesday, September 27, 2016Mirror, Mirror on the Wall...
Commodity markets are one of the best mirrors to capture economic and monetary reality. Christian Gerlach, portfolio manager of a commodity fund at GAM, explains their importance.
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.
Tuesday, September 20, 2016Larry Hatheway on Markets - September 2016
GAM Chief Economist and Head of Multi Asset Portfolio Solutions Larry Hatheway comments on the outlook for global fixed income and equity markets.
Monday, September 19, 2016Will the ‘Goldilocks’ economy persist?
Will the ‘Goldilocks’ economy persist?
Friday, September 16, 2016The Fed According to Velazquez
The US economy remains in reasonably good health, while the global economy is still somewhat fragile. This puts the US Federal Reserve firmly into investors’ focus. For Carlo Benetti, Head of Market Research and Business Innovation at GAM, perspective is exactly what counts – changing it can yield surprising insights.
Thursday, September 15, 2016EM Corporate Debt Presents Selective Opportunities
As featured on the FT’s beyondbrics, Portfolio Manager Dorthe Fredsgaard Nielsen evaluates investment opportunities in EM corporate debt.
Tuesday, September 13, 2016Death of the 60:40 Portfolio?
The portfolio construction favourite is no longer the safe bet it once was. With limited upside to bond and equity markets, Julian Howard, Investment Director at GAM, looks at alternative allocation approaches.
Tuesday, September 06, 2016August: A quiet month for markets and hedge fund strategies alike
August: A quiet month for markets and hedge fund strategies alike
Tuesday, September 06, 2016Will Electric Vehicles Kill Oil Demand?
As featured on CNBC, Roberto Cominotto outlines his views on the impact for oil demand.
Friday, September 02, 2016India To Ride GST Uptick
India's Goods and Services Tax bill represents a major milestone for the country's economy. Madhav Bhatkuly discusses its impact on domestic business transactions and benefits for the Indian equity market.
Wednesday, August 31, 2016The Coming of Reflation
Despite measures taken by central banks to stimulate economic growth, inflation is well below target in all developed countries. Xavier Van Hove argues that monetary policy alone is not working and increased spending and investment are needed to return economies to trend-line growth.
Tuesday, August 30, 2016Can Negative be Positive
We live in a period of low growth and low yields. How can investors generate returns in this environment? Gianmarco Mondani, CIO of the non-directional equity team in Lugano, explains what he does to navigate the turbulent waters of the financial markets.
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.
Tuesday, August 23, 2016What Peak Profits Mean for Markets
Corporate profits of listed companies around the world are declining after nearly two decades of growth relative to total output. Julian Howard, Investment Director in GAM’s Multi Asset Class Solutions team, explains the implications.
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.
Tuesday, August 16, 2016Larry Hatheway on Markets - August 2016
GAM Chief Economist and Head of Multi Asset Portfolio Solutions Larry Hatheway considers the outlook for the global economy and capital markets.
Thursday, August 11, 2016Time for something different?
Time for something different?
Thursday, August 11, 2016Tightening Oil Market
Roberto Cominotto sticks to his forecast for a tightening oil market.
Wednesday, August 10, 2016Remember the Debt Passive Funds Owe Active Managers
Larry Hatheway, Group Head of Multi Asset Portfolio Solutions and Group Chief Economist, looks at the arguments for active investment.
Tuesday, August 09, 2016Confusion under the (Five) Stars
GAM’s Carlo Benetti looks at the current developments in Italy and where it might lead the country.
Monday, August 08, 2016Niall Gallagher on European Equities
Monthly commentaries from Niall Gallagher, investment director of European Equities.
Thursday, August 04, 2016July positive across hedge fund strategies
Hedge funds weather choppy political storm
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.
Tuesday, August 02, 2016Productivity is Everything
John Lambert, investment director, discusses the changing landscape for productivity gains and what impact that will have on living standards.
Thursday, July 28, 2016Slow and Steady Wins the Race
Market Update – US Mortgage Market, Q2 2016
Wednesday, July 27, 2016What's next for the EU banking sector?
Comment from Davide Marchesin, fund manager in GAM’s non-directional equity team.
Monday, July 25, 2016Attractive European ABS
Laurence Kubli and Matthias Wildhaber, portfolio managers at GAM, comment on the attractiveness of European ABS in a post-Brexit, negative interest rate world.
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?
Thursday, July 21, 20165 Years Best in Class
Interview with Anthony Smouha, CEO of Geneva-based Atlanticomnium S.A. and portfolio manager of a range of credit portfolios, Grégoire Mivelaz, co-fund manager, and Jeremy Smouha, CEO of Atlanticomnium UK.
Wednesday, July 20, 2016Larry Hatheway on Markets - July 2016
GAM Chief Economist and Head of Multi Asset Portfolio Solutions Larry Hatheway assesses outlook for the world economy in the aftermath of the UK’s vote to leave the European Union and implications for markets.
Tuesday, July 19, 2016Continental Europe after Brexit
Niall Gallagher, investment director of European Equities at GAM discusses the impacts of the UK referendum outcome to leave the European Union on continental Europe.
Friday, July 15, 2016What a Difference a Referendum Makes
Charles Hepworth, Investment Director, gives his reaction to the Bank of England’s latest interest rate update, where the rhetoric remains ‘lower for longer’ and the market prepares for an August loosening.
Thursday, July 14, 2016Caution warranted as stocks and bonds both rally
Caution warranted as stocks and bonds both rally.
Thursday, July 14, 2016New Zealand: a Hidden Bonds Gem
The best performing bond market in the developed world so far this year is often overlooked by investors, says Enzo Puntillo, head of fixed income for GAM in Zurich.
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, July 07, 2016Emerging Markets and the UK Referendum
GAM Investment Director Paul McNamara looks at the impact of Britain’s surprise ‘leave’ vote on emerging market debt.
Wednesday, July 06, 2016Hedge funds weather choppy political storm
Hedge funds weather choppy political storm
Tuesday, July 05, 2016UK Bond Rally: Is End Nigh?
Tim Haywood, investment director for absolute-return strategies, considers prospects for the UK bond market after the nation’s vote to leave the European Union.
Monday, July 04, 2016UK Stocks After Brexit
Chris Morrison, investment manager, explains his views on the UK’s recent referendum result and its potential impact on the UK economy and equity market.
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.
Tuesday, June 28, 2016Japan – Keep it Simple
Ernst Glanzmann, head of Japan equities at GAM, explains why he believes only old-fashioned, bottom-up, long-term investing leads to sustainable outperformance.
Friday, June 24, 2016Brexit and Markets: What Next?
The UK’s historic referendum has, predictably, sent powerful shockwaves through global capital markets. What comes next?
Friday, June 24, 2016Charles Hepworth on the UK's decision to leave the EU
Charles Hepworth, Investment Director at GAM, comments on the UK's decision to leave the European Union (EU)
Thursday, June 23, 2016Investor Brexit Risk
Nearly two thirds of investors see Brexit as the biggest risk to the global economy over the next year.
Wednesday, June 22, 2016Larry Hatheway on Markets - June 2016
GAM Chief Economist and Head of Multi Asset Portfolio Solutions Larry Hatheway considers the attractiveness of equity investments amid a moderate growth environment.
Friday, June 17, 2016Markets Await Brexit Vote Outcome
Markets await Brexit vote outcome.
Wednesday, June 15, 2016China Demystified
China remains a mystery for many investors. Lately, the decisions taken by the authorities to steer the command economy seem more erratic and harder to predict. Michael Lai, GAM’s Hong Kong-based investment director for Asian equities, explains how his observations on the ground tie in with the news headlines.
Wednesday, June 15, 2016Beware the Siren Song of ‘value’
The outperformance of ‘growth’ versus ‘value’ has been a persistent feature of the European equity market since the market bottomed in March 2009, highlights Niall Gallagher, investment director.
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.
Friday, June 10, 2016The Demise of the Zero Yield Bound
Negative bond yields used to be a theoretical concept. However, they are fast becoming a feature of an ever-increasing amount of bonds. Tim Haywood, investment director for absolute-return strategies, explains how his team deals with and profits from this phenomenon.
Thursday, June 09, 2016A Fresh Look at German Stocks
What are the benefits of investing in the German stock market? Portfolio Manager Oliver Maslowski addresses this question in his new book "German Stocks – The future of saving. Understanding and benefiting from the DAX."
Tuesday, June 07, 2016The Rise & Rise of Emerging Markets
After a very strong start to the year for emerging market bonds and currencies, some investors have been taking profits. But the next leg of the rally may be just around the corner, say Paul McNamara and Michael Biggs.
Tuesday, June 07, 2016May Sees Mixed But Overall Positive Performance
May sees mixed but overall positive performance
Friday, June 03, 2016Are European Equities Still a Buy in 2016?
Niall Gallagher, investment director at GAM, explains why European equities are poised for a buoyant recovery, led by stronger than expected earnings growth.
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.
Tuesday, May 24, 2016Clinton, Trump & the Markets
Comment from Sushil Wadhwani, CTA investment manager for GAM and CEO of Wadhwani Asset Management.
Friday, May 20, 2016EM Stocks Vs US Rates
Investment Director Tim Love explains why rising US rates could be the catalyst investors have been waiting for to trigger an emerging market rebound rally.
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.
Thursday, May 12, 2016Melding Finance and Science
Will the economy grow exponentially long term? Dr Lars Jaeger, Head of Alternative Risk Premia, GAM Systematic, says economists need to take into account developments in natural science and the technologies they enable when looking at long term productivity.
Wednesday, May 11, 2016Larry Hatheway on Markets - May 2016
US dollar depreciation benefited risk assets this year. GAM Chief Economist and Head of Multi Asset Portfolio Solutions Larry Hatheway considers the reasons behind the dollar's weakness and the outlook for US interest rates.
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.
Monday, May 09, 2016Focus On Capital Preservation
Focus on capital preservation.
Friday, May 06, 2016US Stocks and the Debt Supercycle
As countries and companies become increasingly laden with debt, Investment Manager John Lambert considers the consequences for investors.
Thursday, May 05, 2016April Sees Positive Performance Return And Volatility Recede
April sees positive performance return and volatility recede
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.
Thursday, April 28, 2016The Fed’s Hands are Tied
Since the financial crisis, whenever there was a hiccup in financial markets or in the US economy, the Fed came to the rescue. But this won’t happen any longer and investors need to prepare, argues Dr Sushil Wadhwani, founder and CEO of Wadhwani Asset Management.
Tuesday, April 26, 2016Goldilocks Levels For US Home Inventories
Market Update – US Mortgage Market, Q1 2016
Friday, April 22, 2016Policy Response Evolved
Julian Howard Investment Director at GAM, talks about the policy options available to help boost growth in the world economy.
Wednesday, April 20, 2016Macroeconomic Outlook - April 2016
Larry Hatheway, GAMs Chief Economist and Head of Multi Asset Portfolio Solutions, expects markets to stabilise and move sideways
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.
Friday, April 15, 2016Focus On Capital Preservation
Following the sharp recovery of global equity markets and other risk assets since mid-February, the committee expects a period of consolidation to ensue.
Thursday, April 14, 2016Three Lessons from the Titanic
The sinking of the Titanic on 14 April 1912 offers an opportunity to reflect on financial markets and the surveillance of the risk tolerance needed.
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, April 12, 2016The Comeback of Value
Hans Ulrich Jost, investment manager for European equities, explains why he believes that value stocks have finally started to stage a comeback after years of underperformance versus growth stocks.
Monday, April 11, 2016Made in Japan: The Future Belongs to Robots
Ernst Glanzmann, investment manager for Japanese equities, takes a closer look at companies based in Japan, in particular manufacturers in the robotics and automation technology sectors, which are benefiting from increasing demand from emerging economies.
Thursday, April 07, 2016The Committed Investor
Andrew Green is longevity personified having been at GAM – where he now runs the Global Diversified and UK Diversified funds – since 1983. He talks about his views, investment style and work with Nils Taube in an interview with Lawrence Gosling taken from the book Intelligent Investors.
Thursday, April 07, 2016Turbulence And Volatility In Q1 Financial Markets
Turbulence And Volatility In Q1 Financial Markets
Tuesday, April 05, 2016China: Stabilising Fundamentals
Michael Lai, Investment Director for Asia-Pacific and Chinese equities, is seeing signs of a turnaround in both sentiment and fundamentals in China. He explains why he is encouraged by the Chinese government’s latest decisions, and on which areas he believes the government needs to focus on now.
Thursday, March 31, 2016Emerging Market Boost
Emerging markets have rebounded in recent weeks. Enzo Puntillo, investment manager for emerging market debt, explains why the rally could continue and which areas are best-positioned to benefit.
Tuesday, March 29, 2016Cloud: Why Bother?
Why does anyone bother investing in cloud companies? Mark Hawtin, Investment Director, and Chris Woodcock, Consultant, investigate.
Tuesday, March 22, 2016China: No News is Good News
The National People's Congress (NPC) in China ended without any major surprises. Jian Shi Cortesi, investment manager for Chinese equities at GAM, explains why she believes this to be encouraging.
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.
Wednesday, March 16, 2016Macroeconomic Outlook - March 2016
Larry Hatheway, GAM's Chief Economist and Head of Multi Asset Portfolio Solutions, says investors should begin to diversify their portfolios.
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 10, 2016Robust Japanese Corporates
Ernst Glanzmann, manager of GAM’s Japanese equity strategies, takes a look at Japanese corporates and sees attractive opportunities on the horizon.
Wednesday, March 09, 2016As Good as Gold – the Case for Gold Miners
John Lambert, Investment Manager, discusses the case for gold miners.
Monday, March 07, 2016Multi Asset Perspectives - March 2016
Proceeding with caution.
Thursday, March 03, 2016February Markets Move 'Violently Sideways', Says GAM
February markets move violently sideways says GAM
Thursday, February 25, 2016Outsmarting Market Turmoil
US equity markets started the New Year on a jittery note. Andy Kastner, portfolio manager of a long/short US equity strategy, explains how investors can navigate market turbulence and benefit from rising and falling share prices.
Wednesday, February 24, 2016When Politics and Markets Collide
Julian Howard, Investment Director, looks at the influence of political risks on financial markets and how investors should factor these risks into their investment strategy.
Wednesday, February 17, 2016Will the Sell-off Prove Self-fulfilling?
As the market sell-off continued unabated, Larry Hatheway, Group Chief Economist, considers whether market dislocations might precipitate global recession.
Tuesday, February 16, 2016'Make in India Week' to Showcase Investment Opportunities
As the Indian government trail blazes its way through a highly anticipated reform process, the country is set to host a landmark event ‘Make in India Week’ this month in the heart of India’s investment hub, Mumbai.
Tuesday, February 16, 2016China Confidence Crisis
Chinese markets had a weak start to the year in line with the sell-off in most global risk assets in January.
Wednesday, February 10, 2016Multi Asset Perspectives - February 2016
Sideways, slowdown or crisis?
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, February 04, 2016What Tighter Monetary Policy Might Mean for Investors
Julian Howard, Investment Director at GAM discusses how to invest as a new rates cycle begins.
Thursday, February 04, 2016January Sell-off Drives Performance And Trading Opportunities
Industry Update - Hedge Fund Performance January 2016
Wednesday, February 03, 2016Does my Tail Look Fat in This? Part 2
Investors and managers are concerned with “fat tails”. In the second part of this post, we look at kurtosis in more detail.
Tuesday, February 02, 2016Macroeconomic Outlook - February 2016
Larry Hatheway, GAM’s Chief Economist and Head of Multi Asset Portfolio Solutions, takes stock of the market sell-off in January and considers investment opportunities.
Tuesday, February 02, 2016China Monkey Business?
How will developments in China affect energy, EM and luxury sectors in the year ahead?
Friday, January 29, 20162016: It's all About Risk
What is the difference between forecasting and divination? For some, there is no difference. Economic forecasts and astrology are related, a bit like coal and diamonds to Karl Kraus.
Tuesday, January 26, 2016Brazil – Opportunity Among Upheaval
Brazil had a torrid 2015 on all fronts, with no short-term cures in sight. However, nimble and flexible investors in particular could benefit from potential mispricings and false expectations, says Denise Prime, portfolio manager for local emerging market debt at GAM.
Friday, January 22, 2016Handling the Bear Market
Markets have had one of the worst starts to the year in recent history. Investor behaviour is becoming increasingly indiscriminate. GAM Chief Economist and Head of Multi-Asset Portfolio Solutions, Larry Hatheway, takes stock and considers what’s ahead.
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.
Tuesday, January 19, 2016Multi Asset Perspectives
The GAM Asset Allocation Committee met to discuss the fundamental backdrop and market outlook for 2016, as well as risk scenarios.
Tuesday, January 19, 2016Beyond Macro - Outlook for European equities
Niall Gallagher, investment director, shares his views on why he remains bullish on European stocks.
Friday, January 15, 2016The Riksbank's Inflation Obsession
Sweden’s central bank, the Riksbank, has an obsession with inflation and appears willing to do whatever it takes to raise it as quickly as possible. Adrian Owens, Investment Director, and Alistair Wallace, Investment Manager, consider implications for the rates and currency markets.
Tuesday, January 12, 2016Franc Shock 2.0?
A year after the Swiss National Bank roiled markets by abandoning its cap on the Swiss franc, Joe Corbach, Head of Currencies and Commodities at GAM in Zurich, considers implications of another franc shock.
Thursday, January 07, 2016Darkness Before Dawn
If an emerging market equities manager told you that the latest pullbacks have provided all the more reason to enter the market, would you roll your eyes? Perhaps, but we shouldn’t rely solely on historic data for investment decision, as current numbers suggests it may be riskier to be ‘out’ of the market than to be ‘in’ it. Tim Love, Investment Director, investigates.
Wednesday, January 06, 2016Macroeconomic Outlook 2016
Larry Hatheway, GAM’s Chief Economist, shares his outlook for 2016.
Wednesday, January 06, 2016Hidden Market Indicators
GAM’s investment professionals reveal some of the hidden indicators they’re watching to be ahead of the curve.
Tuesday, December 29, 2015Anti-Panic Manual – Don't Be The Turkey
More often than not, our fears are unjustified, or not supported by statistics. Riccardo Cervellin, Country Head Italy, and Carlo Benetti, Head of Market Research & Business Innovation Italy, look at how fear can make investors their own worst enemies.
Tuesday, December 22, 2015The Dangerous Allure Of Dividends
Dividend-paying stocks are attractive in a world of near-zero interest on bond investments. However, only picking the highest payers is too simple an approach and may risk ending with a dangerously unbalanced portfolio, in our view.
Monday, December 21, 20155 Wishes & A Dollop Of Luck
What is on your wish list this holiday season? GAM’s Larry Hatheway, Group Head of Multi-Asset Portfolio Solutions and Group Economist, puts forward a few aspirations for the common good.
Wednesday, December 16, 2015Political Risks In 2016
Geopolitical risks are inherently difficult to predict, but here are some of the key issues GAM investment experts are watching in 2016.
Tuesday, December 15, 2015Who is Scared of Russian Stocks?
What might 2016 bring for Russian equities? Erdinç Benli looks at risks and opportunities.
Friday, December 11, 2015GAM 2016 Outlook – 5 Underdog Stocks to Watch
GAM Outlook for 2016.
Friday, December 11, 20152016 will be a year of policy divergence and dispersion of returns
Industry Update - Hedge Fund Performance November 2015
Thursday, December 10, 2015The Robocar Rises
Mark Hawtin and David Goodman look at the industry disruption expected by self-driving car technology.
Tuesday, December 08, 2015Is the Good Run for Corporate Bonds over?
Darren Reece, Investment Manager, discusses the outlook for the corporate bond market and potential opportunities in the market.
Friday, December 04, 2015Peripheral EU Banks' Turnaround
Davide Marchesin, Investment Manager, takes a look at peripheral European financials and sees attractive opportunities on the horizon.
Tuesday, December 01, 2015Investing For Sideways Markets
Sideways markets need not be boring. Julian Howard, investment director at GAM, explains why this environment actually offers potential for outperformance.
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, 2015US Profits: A Straw In The Wind
Corporate profitability in the US has enjoyed secular and cyclical tailwinds that have helped margins rise to historically very high levels. Now the future might appear less rosy.
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.
Wednesday, November 18, 2015Argentina: Let's Change
As Argentina prepares for presidential elections, Denise Prime and Tim Love explore what is really at stake for the country.
Friday, November 13, 2015Shanghai-Hong Kong Programme Misses Connection with Investors
The introduction of the Shanghai-Hong Kong Stock Connect last year represented a major turning point for China’s stock market, but interest in the programme has fallen short of investor expectations.
Wednesday, November 11, 2015Does my Tail Look Fat in This? Part 1
Investors and managers are concerned with "fat tails". In part one of a two part article we look at where fat tails come from and how they can be managed.
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.
Friday, November 06, 2015Long Live the US Consumer!
Julian Howard, Investment Director, reviews consumption trends in the US and their effect on consumer stocks.
Wednesday, November 04, 2015Commodities and Deflation: The Worst is Yet to Come
Christian Gerlach, Investment Manager, discusses the implications of dramatically lower commodity prices for the world economy and globalisation.
Wednesday, November 04, 2015Broad asset class rally drives positive performance for hedge funds in October
Industry Update - Hedge Fund Performance October 2015
Monday, November 02, 2015Turkey's Election Outcome: AKP Wins Majority
Erdinç Benli comments on Turkey’s election outcome.
Thursday, October 29, 2015The Case For Cash
Holding cash when value is hard to find is not lazy.
Tuesday, October 27, 2015Energy Bull Market?
Roberto Cominotto comments on the outlook for oil prices.
Friday, October 23, 2015The third quarter proved to be the worst quarter for risk assets in several years
The third quarter proved to be the worst quarter for risk assets in several years.
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.
Thursday, October 22, 2015Unwise to Rely on Central Banks
As markets hop back and forth on rate decision hype, Larry Hatheway, Group Chief Economist, urges investors not to tie their asset allocations to market performance, but rather base them on alpha-generating good judgement.
Thursday, October 15, 2015Political uncertainty weighs on Turkey's economy and equities market
Erdinç Benli comments on the economic and stock market impact of Turkey’s impending election.
Tuesday, October 13, 2015A guide to investing in China
Jian Shi Cortesi, Investment Manager of the Julius Baer China strategy, discusses the current landscape of Chinese equities, gives advice on the top ways to invest here and an outlook for the market in light of the market’s recent turbulence.
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.
Tuesday, October 06, 2015September results in negative returns for risk assets and for active managers
Industry Update - Hedge Fund Performance September 2015
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.
Monday, September 28, 2015Subordinated debt should work well in a rising rates environment
Interview with Gregoire Mivelaz, fixed income manager at Atlanticomnium S.A. The Geneva-based boutique manages a credit strategy for GAM.
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.
Wednesday, September 16, 2015Brazil Downgrade
Paul McNamara, Investment Director at GAM, talks downgrades, yields and wake-up calls.
Tuesday, September 15, 2015Characteristics of the New Normal
With alpha being the key performance differentiator, Larry Hatheway, Group Chief Economist, looks at investing in a world firmly entrenched in the new norm of subdued growth, low inflation and accommodative monetary policies.
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.
Tuesday, September 08, 2015Rising wages vs. corporate profits – should investors worry?
With the topic of rising minimum wages gaining media attention, Julian Howard and Graham Wainer, GAM Multi-Asset Class Solutions, examine how corporate profits may be impacted and the implications for investors.
Friday, September 04, 2015Volatility and correlation reign in August
Industry Update - Hedge Fund Performance August 2015
Friday, August 28, 2015Emerging markets are not all alike - selection offers attractive fixed income opportunities
Enzo Puntillo, Investment Director, on why selection offers attractive fixed income opportunities.
Wednesday, August 26, 2015The Art of Backtesting
Backtesting is at the heart of systematic investment. Done correctly, and it can recreate reality closely enough to identify systematic patterns which are likely to persist in the future. Patterns discovered by a robust backtest can be exploited to generate returns. But there are many subtle pitfalls to be avoided, and this is where the best researchers earn their salt.
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?"
Tuesday, August 18, 2015How will the recent Chinese currency moves impact European equities?
Niall Gallagher, Investment Director, looks at three main parts of the European equity market that are impacted by Chinese developments: autos and automotive suppliers; luxury and consumer staples; and energy, mining and the industrial sectors value chain.
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.
Friday, August 07, 2015International economic outlook
GAM managers give their market predictions for the second half of the year.
Thursday, August 06, 2015July's market dispersion proves positive for global macro performance
Industry Update - Hedge Fund Performance July 2015
Monday, August 03, 2015China: Reform story still intact
Comment from Michael Lai, Investment Director, GAM
Wednesday, July 29, 2015Comeback of the Machines?
Dr Sushil Wadhwani, founder and CEO of Wadhwani Asset Management and former member of the Bank of England’s Monetary Policy Committee, explains why he expects managed futures strategies to perform well over the coming years.
Wednesday, July 29, 2015Energy sector: Small and mid caps to emerge strongest from the oil crisis
Comment from Evelyne Pflugi, Investment Manager
Friday, July 17, 2015Heterogeneity in emerging markets calls for a selective approach
Enzo Puntillo, Investment Director for emerging market debt strategies, discusses how emerging economies are heading into different directions and what the implications for his investment strategy are.
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 10, 2015Greek contagion fears unfounded
Comment from Enzo Puntillo, Investment Director
Friday, July 10, 2015Chinese equity sell-off spurs investor concerns
Comment from Michael Lai, Investment Director
Friday, July 03, 2015India – bureaucracy finally declared Enemy of the State
Comment from Madhav Bhatkuly, founder and CIO of New Horizon Investments
Friday, July 03, 2015Hedge fund performance positive halfway through a choppy year
Industry Update - Hedge Fund Commentary June 2015
Friday, July 03, 2015Tech shifts spawn fresh multi-billion dollar industries
Comment from Mark Hawtin, Investment Director
Wednesday, July 01, 2015German companies expected to deliver up to 10% profit growth in 2015
Comment from Oliver Maslowski, Investment Director
Wednesday, June 24, 2015A game of two halves, strong earnings growth will drive second half of European recovery
Comment from Niall Gallagher, Investment Director
Monday, June 22, 2015Bond volatility highlights attractions of emerging market yields
Comment from Denise Prime, Investment Manager
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.
Thursday, June 04, 2015Global themes regained strength in May: global macro and event driven managers led the hedge fund pack
Industry Update - Hedge Fund Commentary May 2015
Wednesday, June 03, 2015Keeping the faith with US equities
Graham Wainer, Group Head of Investments – MACS
Wednesday, June 03, 2015Elections in Turkey: Single-party government since 2002 may be at risk
Single-party government since 2002 may be at risk. Erdinç Benli discusses the election.
Thursday, May 21, 2015Algorithm Aversion
Investors in general are sceptical of systematic trading. Why could this be? Long term performance seems to indicate that the performance of models is at least as good as that of humans. So why the scepticsm?
Tuesday, May 19, 2015Cat bonds and the bundling misconception
Dr John Seo, Co-Founder and Managing Principal at Fermat Capital Management, LLC discusses the rise of complex, non-transparent risk bundling within the reinsurance industry and how the cat bond asset class is unaffected by this.
Friday, May 08, 2015Sterling rallies on UK election outcome; Yet SNP, Brexit to stir investor jitters
James McDaid, Investment Manager, GAM, analyses the impact for the investors after the 2015 UK General Election.
Wednesday, May 06, 2015Global macro and trend-following hedge funds hurt by reversals in April, while other hedge funds generated gains
GAM Insight - Hedge Fund Commentary April 2015
Thursday, April 30, 2015Emerging market debt: The dominant US Dollar
Paul McNamara and Mike Biggs, responsible for GAM’s emerging market debt strategies, examine how macroeconomic developments around the world, in particular the strength of the US dollar, influence emerging markets.
Monday, April 27, 2015Don't try this at home: Avoiding the pitfalls of local emerging market debt investing
Caroline Gorman, Investment Manager, responsible for GAM’s emerging market debt strategies throws the spotlight on the potential pitfalls to be found when trading emerging market local debt.
Saturday, April 25, 2015Debunking the Myths
Dr Matthew Killeya dispels a few of the myths surrounding systematic investment.
Tuesday, April 21, 2015Japan's corporate governance code, cross-holdings and shareholder returns
Ben Williams, Investment Director, responsible for GAM’s Japan equity strategies, explains why the new Corporate Governance Code could be positive for investors.
Tuesday, April 14, 2015Cat bonds - issuance, yields and what's to come
Following April’s record issuance, Dr John Seo talks on the supply / demand dynamics of the cat bond market and how first-quarter returns aren’t always a guide to full-year potential.
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.
Tuesday, April 07, 2015Global macro leads the pack in March and year-to-date
GAM Insight - Hedge Fund Commentary March 2015
Wednesday, March 25, 2015Brazil: Real problems
Paul McNamara examines Brazil’s standing within the BRICs economic region, the impact the commodity sell-off has had on the market and where investment opportunities might lie.
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, March 06, 2015Indian budget and economic survey lay the foundations for a multi-year bull market
Comment from Madhav Bhatkuly, CIO at New Horizon Investments, who manages a specialist Indian equity strategy for GAM.
Tuesday, March 03, 2015Increased gross exposures boost hedge funds in February
GAM Insight - Hedge Fund Commentary February 2015
Thursday, February 26, 2015Hard vs local currency EM bonds – focus on credit risk, not FX risk
Comment from Paul McNamara, Investment Director at GAM.
Wednesday, February 25, 2015Cursed by Randomness
For all investors there has always been a strong desire to “pick winners” or beat the market. In the presence of randomness this can be extremely challenging.
Thursday, January 22, 2015Europe to achieve champion status in 2015
Comment from Niall Gallagher, Investment Director responsible for European markets at GAM.
Wednesday, January 21, 2015Suppressing fundamentals: Lessons for the ECB post the SNB currency move
Lessons for the ECB post the SNB currency move.
Monday, January 19, 2015SNB currency move – what it means for European stocks
What it means for European stocks.
Wednesday, January 07, 2015Reform vs. growth in China
In 2014 Chinese equities have largely been driven by sentiment and the government's constant tug-of-war between its reformist agenda and the quest for growth, rather than pure fundamentals.
Wednesday, January 07, 2015Global macro and trend-following hedge funds continue to perform in December
GAM Insight - Hedge Fund Performance Update December 2014
Wednesday, December 03, 2014Hedge fund performance was positive in November as market volatility generally subsided
GAM Insight - Hedge Fund Performance Update - November 2014
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.
Wednesday, November 05, 2014Market volatility challenged most hedge funds in October, although global macro strategies ground out positive performance
GAM Insight - Hedge Fund Performance Update - October 2014
Monday, October 27, 2014ECB bank stress tests a positive for junior debt investors
A positive for junior debt investors.
Friday, October 24, 2014This monetary policy obsession serves no one
Predicting interest rates in the developed economies has become a career for many financial analysts and commentators.
Tuesday, October 14, 2014Japanese equities: Share buybacks and rising dividends
Share buybacks and rising dividends.
Friday, October 03, 2014Global macro performance leads the way in September as other strategies and broader risk assets sell off
GAM Insight - Hedge Fund Performance Update - September 2014
Tuesday, August 05, 2014Hedge funds directional positioning remains intact, despite market reversals in July
GAM Insight - Hedge Fund Performance Update - July 2014
Thursday, July 17, 2014US housing recovery continues as markets skim pre-crisis highs
US housing recovery continues as markets skim pre-crisis highs.
Thursday, July 03, 2014June proves positive for hedge funds and gross invested levels increase
GAM Insight - Hedge Fund Performance Update - June 2014
Tuesday, July 01, 2014The cat bond misconception
Investors on the hunt for yield have turned the limelight on the cat bond market, but this flurry of attention has not been the primary driver for the asset class’s growth.
Wednesday, June 04, 2014Hedge funds positive in May as equities, credit and bonds rally
GAM Insight - Hedge Fund Performance Update - May 2014