GAM Systematic

About Systematic

GAM Systematic is a rules-based quantitative investment manager.

We apply innovative scientific techniques to invest systematically across asset classes and investment styles within our Core Macro and Alternative Risk Premia capabilities.

Potential source of uncorrelated returns with unwavering risk management

Systematic rules-based investing, when implemented in a robust environment, can be a source of diversification across asset classes and investment styles. It offers investment style diversification away from fundamentals-focused discretionary approaches as well as away from passive approaches. Systematic approaches typically do not rely solely on fundamental (e.g. growth-focused) data but also consider technical price data and newer alternative data sets such as news, weather and shipping information. This diversification of input data can help systematic approaches deliver performance even when fundamentals (e.g. economic growth rates) are challenged or are not driving asset prices. Risk management in systematic funds is not left to the discretion of the trader or analyst, but rather is coded as unwavering exposure management rules. This helps systematic investing have a well-defined and contained risk profile.

1.3

CHF 1.3 billion¹ assets under management

1 million +

lines of our proprietary code

400 +

components that make up our proprietary unified risk management and trading system

Source: GAM, as at 31 March 2022

Investment Strategies and Solutions

Our investment strategies are fully systematic, with dedicated teams in Cambridge, London and Zurich. Our highly experienced investment teams conduct rigorous scientific research to create strategies that identify and harvest multiple sources of returns uncorrelated to traditional asset classes. asset classes and investment styles.

GAM Systematic Core Macro is a diversified global macro fund investing in liquid instruments across asset classes with the objective of delivering returns not correlated to equities and bonds in the long term, and with the potential to perform positively in a sustained bear market. By combining multiple strategies grouped around two return sources - Trend and Value/Carry - the portfolio aims to capture uncorrelated alpha, to deliver attractive, risk-adjusted returns. GAM Systematic Alternative Risk Premia seeks to systematically harvest alternative risk premia returns across markets. The strategy is managed by a team who were pioneers in the ARP space and aims to deliver consistent returns, with low correlation to equities and bonds and a focus on capital preservation.

A range of volatility targets and liquidity terms are available. For larger mandates, customised managed accounts are available.

Alternative Risk Premia

GAM Systematic Alternative Risk Premia delivers portfolios that target absolute returns with a low correlation to traditional assets over the long term. The programme has been live since 2012, with the team having run alternative risk premia since 2004. The team analyses, structures, and implements a diverse range of liquid alternative return sources – or ‘alternative risk premia’ – from across global markets. The most attractive premia are combined and risk-sized in portfolios using the team’s proprietary Expected Drawdown Analysis methodology, an innovative approach focused on capital preservation. Offered with fully customisable investment objectives, the strategy is designed to complement investors’ existing traditional and alternative investment exposures, and features daily liquidity, high transparency and fee simplicity.

Offshore, UCITS, Australian Trust and Managed Account versions are available for this programme.

Core Macro

GAM Systematic Core Macro delivers a multi-strategy and cross-asset class portfolio that seeks to generate returns uncorrelated to traditional asset classes. It uses proprietary, state-of-the-art research and trading systems to identify persistent and recurring sources of return in markets. These can be identified and harvested systematically via liquid instruments across currencies, fixed income, equities and commodities. Offering high liquidity, the strategy can act as a cost-effective diversifier to any portfolio over the course of a market cycle. Offshore, Australian Trust and Managed Account versions are available for this programme.


Customised Solutions

GAM Systematic’s sophisticated and flexible technological platform allows us to develop and manage customised solutions for all of our strategies. Our solutions are tailored to each client to fit within their specific investment strategy whilst meeting their investment objectives and constraints at the same time. 

Cambridge Connection

We are located in Cambridge, the UK's 'Silicon Fen'.

Along with its world-class university, Cambridge is a global innovation and technology hub, giving us access to some of the brightest minds in the world.  The majority of the team come from academic backgrounds such as engineering, astrophysics, statistics, computer science and other quantitative disciplines, many of whom studied at Cambridge.

Our close links to, and constant dialogue with, Cambridge academia help us apply cutting-edge academic theories to financial markets.

This relationship was established by the founding partners of Cantab Capital Partners LLP, which was named GAM Systematic Cambridge following its acquisition by GAM Investments. 

Cantab capital institute for the mathematics of information

Prior to its acquisition by GAM Investments in 2016, the founding partners at Cantab made a philanthropic donation to the University of Cambridge. The University in turn used the money to establish the Cantab Capital Institute for the Mathematics of Information. The Institute sits within Cambridge University’s Faculty of Mathematics and aims to galvanise and accelerate progress in data science and its applications. Bringing together some of the world’s leading researchers in various disciplines, the Institute draws on fundamental techniques from mathematical sciences to tackle head on the challenge of deciphering meaning in the reams of data which surround us thus aiding students in progressing their skills of data analytics.

Further information about the Institute is available here: www.ccimi.maths.cam.ac.uk

Insights and Thought Leadership

Opinions

6 Min de Lecture

Pénurie de semi-conducteurs: l'équilibre est-il en vue ?
06 mai 2022

Les semi-conducteurs ont fait les gros titres en 2020 en perturbant les chaînes d'approvisionnement dans le monde entier. Deux ans plus tard, nous continuons à observer des pénuries dans de nombreux secteurs, et la normalisation prévue se fait attendre pour 2023. Pieran Maru examine les causes, les industries les plus touchées et la voie possible vers la normalisation de l'approvisionnement.

Opinions

7 Min de Lecture

Inflation élevée et hausse des taux d'intérêt : quelle solution ?
26 avril 2022

Face à un environnement d'investissement difficile, nous avons demandé à cinq des plus brillants esprits en investissement de GAM Investments et de nos sociétés partenaires de partager leurs points de vue sur la manière de protéger les rendements et de diversifier les risques des portefeuilles dans un monde où l'inflation et les taux d'intérêt augmentent.

Opinions

6 Min de Lecture

La Silver Économie de la Chine
14 avril 2022

La Chine est l’un des pays où la population âgée augmente le plus rapidement au monde. Selon l'Organisation mondiale de la santé, 402 millions de personnes, soit 28% de la population totale de la Chine, auront plus de 60 ans d'ici 2040. Jian Shi Cortesi de GAM Investments se penche sur l'importance croissante de cette population, appelée « silver economie », pour la transition de la Chine vers une économie dirigée par la consommation.

Video

3:22 min watch

Systematic Alternative Risk Premia – Daniele Lamponi
09 May 2022

Daniele Lamponi outlines what alternative risk premia can offer in a challenging environment for traditional beta portfolios and the benefits of diversification.

Video

5:42 min watch

Systematic Core Macro – Dr Chris Longworth and Dr Silvia Stanescu
09 May 2022

Dr Chris Longworth and Dr Silvia Stanescu highlight the two themes which dominated Q1, lower correlations between certain investment styles and the benefits of being an active manager able to diversify allocations.

Video

2:44 min watch

Alternative Risk Premia - Danny Dhingra
21 janvier 2022

Danny Dhingra souligne l'impact de la rhétorique hawkish de la Fed, la dispersion des rendements dans l'espace des primes de risque alternatives et l'importance d'une diversification continue à travers une gamme de styles et de facteurs.

Video

3:23 min watch

Systematic Alternative Risk Premia - Daniele Lamponi
18 octobre 2021

Le Dr Daniele Lamponi souligne l'importance pour les investisseurs de la trajectoire future des taux d'intérêt et estime que les portefeuilles bêta traditionnels pourraient être remis en question au cours du prochain trimestre.

Video

3:45 min watch

Systematic Core Macro - Dr Chris Longworth and Dr Silvia Stanescu
18 octobre 2021

Le Dr Chris Longworth et le Dr Silvia Stanescu discutent des événements qui ont animé les marchés au troisième trimestre, de leur vision équilibrée des principales classes d'actifs et de la tendance à la hausse du dollar américain.

Video

4:33 min watch

Systematic Alternative Risk Premia - Danny Dhingra
20 juillet 2021

Danny Dhingra commente les thèmes clés du secteur des primes de risque alternatives (ARP) au deuxième trimestre et explique pourquoi il pense que les perspectives restent favorables.

Video

3:35 min watch

Systematic Core Macro - Dr Chris Longworth
16 juillet 2021

Chris Longworth met en évidence les fortes reprises du 2ème trimestre, la réaction des modèles systématiques aux données du marché et le pouvoir de la diversification dans le positionnement.

Video

3:32 min watch

Systematic Alternative Risk Premia - Paolo Scripelliti
27 avril 2021

Paolo Scripelliti évoque deux grandes tendances qui ont touché le monde des investissements ainsi que des thèmes plus controversés qui ont soutenu le domaine des primes de risque alternatives (ARP). Il souligne également la nécessité de se concentrer sur la prise de risque opportuniste au cours du trimestre prochain, les marchés d'actions risquant d’être maintenus à l’intérieur d’un intervalle limité.

Video

4:31 min watch

Systematic Core Macro - Silvia Stanescu
27 avril 2021

La Dr Silvia Stanescu met en évidence les rallyes sur les marchés des actions et des matières premières au premier trimestre, un bon trimestre pour les styles trend et value et une rotation continue vers un positionnement plus risqué.

Leadership

Dr Lars Jaeger
Responsable Alternative Risk Premia
Chris Longworth (PhD)
Investment Director, GAM Systematic Cambridge
Paolo Scripelliti
co-responsable de l'équipe Alternative Risk Premia
Dr Silvia Stanescu
Investment Director, GAM Systematic Cambridge

Our Scientists

GAM Systematic is made up of two distinct, but connected, teams: GAM Systematic Cambridge and the Alternative Risk Premia team.

 

GAM Systematic Cambridge

At any one time approximately half the GAM Systematic Cambridge team are engaged in research and development, with a view to further enhancing the strategies. When recruiting the team deliberately focuses on attracting top scientists, rather than predominantly investment managers. This results in diversity of thought and a broad range of experience from various fields and disciplines. This enables GAM Systematic Cambridge to think differently and ultimately to build portfolios for clients which are differentiated from and which have limited correlation to major systematic indices as well as to major competitors in this space. The team has a diverse skill set, with the common denominator being academic excellence and collegial team spirit.

 

GAM Systematic Alternative Risk Premia team

The Alternative Risk Premia team is entirely focused on strategy research and portfolio development. The background of the different team members is highly quantitative, ranging from theoretical physics to mathematics, computer science and neuroscience. This strong quantitative orientation, together with many years of trading experience in global capital markets enables the team to evaluate, build and optimally execute a broad range of risk premium strategies. In the spirit of the wider GAM Systematic environment, the team loves and lives the rigour of academic excellence.

Rigorous scientific research

Our investment philosophy and process is based on rigorous scientific research to create systematic strategies that identify and harvest numerous sources of returns. Our strong infrastructure and proprietary technology allow us to run multiple models, creating effective diversification through different asset classes and market regimes. Our systems and data quality enables extremely efficient and high-quality trade execution.
Dr Daniele Lamponi
Investment Manager
Farida Mustafazade
Scientist, GAM Systematic Cambridge
Danny Dhingra
Sénior analyste en investissement, GAM Systematic Alternative Risk Premia

Join us

The Success

Our technology, innovation and team have earned us a fantastic reputation across the industry, and we now have some of the most sophisticated and prestigious investors as clients.

Getting Involved

We have a flat hierarchy, and have a weekly research meeting where we discuss ideas and hear what everyone has been working on. Our collegial structure means that you can be involved across the board and will have a chance to experience all markets and strategies, work with colleagues from different parts of the globe and develop your own skillset.

Your Future

Our approach, and the way we think about things, means that we need people with strong statistical and programming skills. We hire people from a range of scientific disciplines, and they don't need to have previous financial experience.

If you think you'd be a good fit, please have a look at our current vacancies. We look forward to hearing from you.

Contacts

Pour vos contacts locaux, veuillez sélectionner votre pays ou visitez notre page Contacts et Emplacements.

DISCLAIMER

  • Authorised & regulated by the Financial Conduct Authority. Registered with the Commodity Futures Trading Commission, the Securities and Exchange Commission, and a member of the National Futures Association in the USA
  • GAM Systematic LLP registered address: City House, 126-130 Hills Road, Cambridge, CB2 1RE
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