Mergers & Acquisitions / Joint Ventures

GAM teams with Fermat for catastrophe bond fund JV

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GAM has joined forces with Fermat Capital Management, a specialist in insurance-risk and catastrophe bond investing with $2.2 billion under management, to launch the GAM FCM Cat Bond Fund.

GAM has invested with Fermat for more than six years and now has an exclusive arrangement to offer the strategy to the broader marketplace.

The fund invests in a portfolio focused on catastrophe bonds and complimented by exposure to other insurance-linked securities. It aims to provide attractive, consistent returns that are uncorrelated to traditional asset classes.

“Given catastrophe bonds’ unique underlying risks, they are more likely to remain a