GAM has launched the Systematic Diversified Macro fund, its third in the systematic Ucits range.
The fund will be managed by Cantab, using quantitative trading models and investment strategies already employed in the offshore CCP Core Macro, which has delivered an annualised return of 5.2 per cent since its inception in 2013.
It will invest in more than 100 global markets across asset classes including currencies, fixed income and equity indices. Annualised volatility will be around 10 per cent.
The GAM Systematic Diversified Macro fund will have a management charge of 1.25 per cent and a 10 per cent performance fee.
Co-head of GAM Systematic, Anthony Lawler, says: “This product provides our clients with access to a stream of uncorrelated, macro returns from multiple strategies across different asset classes. GAM is already one of the largest providers of Ucits products in Europe and this offering further broadens that suite.”