Hedge Funds

GAM Star switches Pharo EM debt fund to in-house team


GAM is switching the manager of its GAM Star emerging markets fund, replacing Guillaume Fonkenell’s long-standing Pharo fund management operation as investment manager and moving the investment management in-house.

“The fund’s delegate investment management agreement with Pharo Global Advisors Limited will be terminated with effect from 1 June 2011 and GAM International Management Limited will assume investment management of the fund,” said GAM in a statement.

Following the successful integration of fixed income and currency specialist Augustus Asset Managers, GAM said the directors of the GAM Star Pharo Emerging Market Debt & FX fund has decided to move