Launches & Closures

GAM adds Fermat cat bond strategy to UCITS range


GAM has launched the latest addition to its UCITS range of funds, with a strategy focused on catastrophe bonds.

The GAM Star Cat Bond is designed to provide attractive cash-plus returns that are independent of capital markets, and so will not be impacted by the volatility and performance of equity and fixed-income instruments.

The strategy is managed by insurance-linked securities specialist Fermat Capital Management. It will invest in securitised insurance risks via a portfolio of between 40 and 50 cat bonds.

“In today’s investment environment, where the performance of traditional and even many alternative asset classes are converging,