GAM is to launch a third in its range of Diversity fund of hedge funds this autumn, managed by David Smith, chief investment director of the firm's multi-manager team.
GAM's decision stems from high investor demand and a desire not to run too much money in its first two Diversity products leading to over-diversification, according to Smith.
'To support the delivery of superior performance it is crucial to achieve the optimal combination and number of managers in any one portfolio,' Smith said. 'We
The week on Risk.net, December 9–15 2017Receive this by email