Hedge Funds

GAM to downsize its Asian exposure but keen to explore Indian opportunities


Paul McNamara
GAM, the London-based investment group, is looking to downsize the Asian exposure of its $410 million absolute return portfolio and to opt for other emerging markets offering stronger return potential for fixed income and currency strategies. About $150 million, or a third of the portfolio, is invested in the region and most of that has been channeled to Korea and Indonesia.

Paul McNamara, an investment director and lead manager for GAM’s emerging market bond and currency long-only and hedge fund strategies, says the firm’s focus on the two countries will remain but that