Asset manager Gam has confirmed the launch of the Gam Star Corporate Credit Opportunities fund, which will invest in undervalued corporate bonds.
The Ucits III-compliant, US dollar-denominated fund will invest in a portfolio of mainly US corporate bonds and will be managed by boutique manager Atlanticomnium.
The fund’s named portfolio manager is Anthony Smouha, the chief executive of Atlanticomnium and adviser to four existing Gam bond funds.
The portfolio will hold 170 positions “from across the credit spectrum”, with approximately 50% in high quality investment grade securities and the rest in smaller, sub-investment grade issues.
Minimum investment in the fund is $10,000 (£6,329) and it has a 1.35% investment manager and sponsor fee.