GAM Star (Lux) - Convertible Alpha
|Investment Advisor||GAM Investments|
|Portfolio Manager||Jonathan Stanford|
|Fund AUM (GBP)||£75m|
|Fund AUM as of||17 April 2019|
|Fund Inception||27 December 2007|
|Fund Indices||AH Credit UCITS Index|
GAM Star (Lux) - Convertible Alpha is a daily dealing fund investing primarily in convertible bonds and associated instruments, managed by the highly experienced non-directional equity team. In line with the team’s common investment philosophy, the manager utilises a purely fundamental, bottom-up approach that focuses on potential changes in earnings' expectations to invest outright in a portfolio of convertible bonds. The portfolio is supplemented by relative value arbitrage trades. The fund seeks to generate absolute returns, whilst limiting interest rate and credit exposure, and maintaining a low delta of between 0.2 and 0.5.