Launches & Closures

GAM unveils UCITS-compliant catastrophe bond fund


GAM has gone into partnership with Fermat Capital Management, a specialist in insurance-risk and catastrophe bond investing with $2.2 billion under management, to launch the GAM Star Cat Bond.

The UCITS-compliant fund provides investors with an opportunity to access securitised insurance risk through a regulated vehicle and invests in securitised insurance risks via a portfolio of 40 to 50 cat bonds.

Craig Wallis: global head of institutional and fund distribution at GAM

The underlying bonds transfer the remote risk of natural disasters from re/insurers to the capital markets and offer higher yields compared to similarly rated