Tuesday, January 10, 2017
GAM launches GAM Systematic Diversified Macro UCITS fund
- The fund uses systematic strategies and proprietary trading systems to invest in over 100 global markets across all the major asset classes including currencies, fixed income and equity indices
- Designed to deliver returns uncorrelated with traditional asset classes
- UCITS framework offers investors daily liquidity
- Managed by the Cantab investment team within GAM Systematic, it employs models that have a proven track record of four years
GAM has launched its third systematic UCITS fund, GAM Systematic Diversified Macro. The fund invests using the same rigorous quantitative trading models and proven investment strategies developed by the Cantab investment team for use within the established offshore version of this fund – CCP Core Macro, which has delivered an annualised return since inception of 5.2%.
GAM Systematic Diversified Macro offers a liquid, diversified portfolio with low correlation to traditional asset classes, by investing in over 100 global markets across all the major asset classes including currencies, fixed income and equity indices, within a cost-effective, daily dealing UCITS framework. The fund aims to deliver strong systematic macro returns with annualised volatility of about 10%.
The fund combines multiple investment strategies grouped around two uncorrelated return sources: relative value positioning in value and carry, and directional positioning in trend. Proprietary state-of-the-art infrastructure, machine learning and big data techniques allow for the generation of highly diversified returns by capturing persistent signals across a variety of asset classes.
Robust risk management underpins GAM Systematic’s investment process and all strategies are rigorously and scientifically tested before they are introduced to the portfolio. Multiple risk management tools dynamically adjust risk in each market, strategy, and the entire portfolio, as market conditions change.
Anthony Lawler, Co-Head of GAM Systematic, said: “We are pleased to launch GAM Systematic’s third quantitative UCITS fund, the Diversified Macro strategy, to complement the alternative risk premia and equity market neutral products. This product provides our clients with access to a stream of uncorrelated, macro returns from multiple strategies across different asset classes. GAM is already one of the largest providers of UCITS products in Europe and this offering further broadens that suite.”
Adam Glinsman, Co-Head of GAM Systematic, said: “Our Diversified Macro strategy combines a fully-integrated approach to risk management with innovative machine learning and big data techniques, under a liquid, cost-effective framework. These attributes make it a compelling diversifier to any portfolio.”
GAM Media Relations
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Andrew Honnor, Georgiana Brunner or Rob White
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GAM is one of the world’s leading independent, pure-play asset managers. The company provides active investment solutions and products for institutions, financial intermediaries and private investors under two brands: GAM and Julius Baer Funds. The core investment business is complemented by private labelling services, which include management company and other support services to third-party asset managers. GAM employs about 1,000 people in 11 countries with investment centres in London, Cambridge, Zurich, Hong Kong, New York, Milan and Lugano. The investment managers are supported by an extensive global distribution network.
Headquartered in Zurich, GAM is listed on the SIX Swiss Exchange and is a component of the Swiss Market Index Mid (SMIM) with the symbol ‘GAM’. The Group has assets under management of CHF 119.1 billion (USD 122.9 billion) as at 30 September 2016.
GAM Systematic is dedicated to developing and managing quantitative products and solutions across liquid alternatives and long-only strategies in multiple asset classes from equities, bonds, credit and commodities to futures and forwards in currencies and other markets. GAM Systematic includes two investment teams: a seasoned alternative risk premia team and Cantab, a multi-billion-dollar asset manager based in Cambridge, UK.
Cantab, founded in 2006 by Dr Ewan Kirk, manages three programmes all within GAM Systematic (Quantitative, Macro and Global Equity Market Neutral) for some of the most sophisticated institutional investors worldwide. The essence of the team’s investment philosophy is the marriage of science with cutting-edge technology, high levels of transparency and robust risk systems.
The information in this document is given for information purposes only and does not qualify as investment advice. Opinions and assessments contained in this document may change and reflect the point of view of GAM in the current economic environment. No liability shall be accepted for the accuracy and completeness of the information. Past performance is no indicator for the current or future development.
This material/presentation may mention sub-funds of GAM Star Fund p.l.c., registered office at George’s Court, 54-62 Townsend Street, Dublin 2, Ireland, an umbrella investment company with variable capital and segregated liability between the sub-funds, incorporated under the laws of Ireland and authorised by the Central Bank of Ireland (CBI) as a UCITS Fund in accordance with the Directive 2009/65/EC. Management Company is GAM Fund Management Limited, George’s Court, 54-62 Townsend Street, Dublin 2, Ireland.
AUSTRIA: The legal documents in English and the KIID in German can be obtained free of charge, from the Paying Agent in Austria, Erste Bank der oesterreichischen Sparkassen AG, Graben 21, A-1010 Vienna or on the internet at www.gam.com.
DENMARK: This document is destined exclusively for professional or institutional investors in Denmark and shall not be passed on to third parties. Particularly, this document shall not be used as advertising material for distribution to retail investors or any other kind of public offering of the funds, their sub-funds or share categories. The English version of the prospectus, the articles of association and the most recent published annual- and semi-annual report, as well as the Danish version of the KIID, can be obtained free of charge on the internet at www.gam.com.
FINLAND: The English version of the prospectus and the Finnish version of the KIID can be obtained, free of charge, on the internet at www.gam.com.
FRANCE: The prospectus, the annual report and the most recent half-yearly report in English and the KIID in French can be obtained free of charge from the centralising agent in France, CACEIS Bank, 1-3, place Valhubert – 75013 Paris or on the internet at www.gam.com.
GERMANY: The legal documents in English and the KIID in German can be obtained free of charge, from the information agent GAM (Deutschland) GmbH, Taunusanlage 15, D-60325 Frankfurt am Main or on the internet at www.gam.com.
IRELAND: The legal documents can be obtained in English, free of charge, from GAM Fund Management Limited, George’s Court, 54-62 Townsend Street, Dublin 2, on the internet at www.gam.com.
ITALY: This document is destined exclusively for internal use by intermediaries appointed by GAM and/or institutional or qualified investors and shall not be passed on to third parties. Particularly, this document shall not be used as advertising material for public distribution or any other kind of public offering of the funds, their sub-funds or share categories. The Prospectus, the Key Investor Information Document – KIID, the annual, the semi-annual reports as well as the subscription form and the Italian distribution partners’ list of each subfund are not included in the above mentioned restriction. The English version of the prospectus and the Italian version of the KIID can be obtained, free of charge, on the internet at www.gam.com.
LIECHTENSTEIN: The legal documents in English and the KIID in German, can be obtained free of charge from the paying agent Liechtenstein LGT Bank AG, Herrengasse 12, FL-9490 Vaduz or on the internet at www.gam.com.
LUXEMBOURG: The legal documents in English can be obtained free of charge, from GAM (Luxembourg) SA or for GAM Star Fund plc from the Paying Agent in Luxembourg J.P. Morgan Bank Luxembourg S.A., 6, route de Trèves, L-2633, Senningerberg, or on the internet at www.gam.com.
NETHERLANDS: The English version of the prospectus and the Dutch version of the KIID can be obtained free of charge on the internet at www.gam.com.
NORWAY: The English version of the prospectus and the Norwegian version of the KIID can be obtained, free of charge, on the internet at www.gam.com.
SPAIN: The legal documents can be obtained in English, respectively for the KIID in Spanish, free of charge, from the Paying Agent in Spain, ATL 12 Capital Inversiones A.V., S.A., Montalbán 9, 28014 Madrid or on the internet at www.gam.com.
SWEDEN: The English version of the prospectus and the Swedish version of the KIID can be obtained free of charge from the Paying Agent, MFEX Mutual Funds Exchange AB, Linnégatan 9-11, SE-114 47 Stockholm or on the internet at www.gam.com.
SWITZERLAND: The legal documents in German can be obtained free of charge, from the Swiss Representative: GAM Capital Management (Switzerland) Ltd., Hardstrasse 201, CH - 8005 Zurich or on the internet at www.gam.com. Paying Agent is State Street Bank International GmbH, Munich, Zurich Branch, Beethovenstrasse 19, CH-8027 Zurich.
UNITED KINGDOM: As far as UCITS described herein are recognised schemes under section 264 of the Financial Services and Markets Act 2000: Copies of the legal documents can be obtained in English, free of charge, from the Facilities Agent GAM Sterling Management Limited, 20 King Street, London SW1Y 6QY (authorized and regulated by the FCA) or on the internet www.gam.com.
HONG KONG: In Hong Kong, this material is restricted to professional investors (as defined in the Securities and Futures Ordinance (Cap 571)) only.
SINGAPORE: In Singapore, shares of the fund may only be offered to institutional and accredited investors (as defined in the Securities and Futures Act (Cap.289)) (‘SFA’) and this material is limited to the investors in those categories.
ASIA PACIFIC: In other countries in Asia Pacific, this material should only be distributed in accordance with the applicable laws in the relevant jurisdiction
JAPAN: In Japan, this material is restricted to professional, institutional and/or qualified investors.