GAM, the big London-based alternative asset management firm, is planning to move the investment management of one of its absolute return UCITS fund in-house.
The GAM Star Pharo Emerging Market Debt & FX Fund, which is sub-advised by Pharo Global Advisors, will be run by GAM investment director Paul McNamara from next month – subject to regulatory approval.
Concurrently, the fund’s name will change to GAM Star Emerging Markets Total Return. This follows the asset manager’s integration...