GAM adds to fund of funds product range

GAM is to launch a fund of arbitrage portfolios on 23 September, after nearly two years of planning.

The GAM Multi-Arbitrage fund will be managed by Dorothy DeWitt and David Smith, chief investment director of the group's multi- manager team.

DeWitt joined GAM earlier this year from Madaket Partners LLP, an event-driven hedge fund focusing on US and European equity arbitrage and relative value investment opportunities.

DeWitt said: 'We have spent a significant amount of time and resources