Wednesday, November 2, 2016
GAM launches GAM Systematic Global Equity Market Neutral
- The GAM Systematic Global Equity Market Neutral fund uses systematic strategies and proprietary trading systems to invest in global single-name equities
- Designed to deliver returns uncorrelated with a long-only equity portfolio
- UCITS framework offers investors daily liquidity
- Managed by the Cantab investment team within GAM Systematic, it employs models that already have a three-year trading track record
GAM has launched its first purely quantitative equities UCITS fund, GAM Systematic Global Equity Market Neutral. The fund was developed by the Cantab investment team, which now operates within GAM Systematic following the completion of GAM’s acquisition of Cantab Capital Partners on 3 October 2016.
Using a disciplined and systematic investment process, the fund invests in the 2,500 most liquid equities globally, employing multiple proprietary models – both fundamental and behavioural – to identify the relative attractiveness of each stock. This results in a highly liquid, diversified equities portfolio with extremely low correlation to global equity markets and within a cost-effective, daily-dealing UCITS fund structure. The fund aims to deliver attractive returns with annualised volatility of 6% to 8%.
The fund invests using quantitative equity trading models that have been employed within Cantab’s Quantitative programme for close to three years. It comprises multiple strategies which identify and harvest persistent and recurring sources of return in equity markets. These are combined with innovative approaches to using big data and machine learning.
All strategies are rigorously tested using scientific methods before they are added into the portfolio. Multiple risk management tools dynamically adapt to changing signals and conditions in each market, strategy, and across the entire portfolio.
Anthony Lawler, Co-Head of GAM Systematic, said: “Our global equity market neutral product leverages many years of research and systems development. Its combination of diversification, performance, and excellent risk management framework makes it a very compelling equity product for our clients, especially in the current market environment.”
Adam Glinsman, Co-Head of GAM Systematic, said: “We are pleased to launch GAM Systematic’s first UCITS product. The GAM Systematic Global Equity Market Neutral fund underscores our commitment to providing cost-effective and liquid sources of alpha and upholds the scientific curiosity and rigour that Cantab has prided itself on for the past decade.”
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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 over 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. www.gam.com/en/systematic
Important legal information
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.
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.
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.