GAM has replaced the manager of its $459 million GAM Star Japan Equity Fund. Ben Williams took over in January the lead manager role played by Lesley Kaye, who steps back from the post for personal reasons but will remain as an advisor to the fund.
The Japan-focused fund, which posted a -18.38% return last year, is sold in different currencies including the euro, sterling, the US dollar and Japanese yen.
Prior to joining GAM in October 2002, Williams was a fund manager at Royal Sun Alliance Investments for six years, where he began his career. GAM says