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September 17, 2004 at 08:00 PM
NEW YORK (HedgeWorld.com)–Having capped some pools earlier this year after a surge of assets, GAM will reopen to investment its Composite Absolute Return and Diversity III funds Oct. 18.
These funds of funds were closed in March following exceptionally high inflows in the first quarter of the year. According to the firm, it now has identified additional capacity across strategies with both existing and new hedge fund managers.
Graham Wainer, group head of clients and portfolio management and joint manager of GAM Composite Funds, said the group is confident it is well placed to meet current commitments and anticipated inflows.
“We have recently expanded the multi-manager team, adding substantial new resources, which allows us to focus on various ways of increasing capacity,” said GAM fund of funds Chief Investment Officer and Diversity III Manager David Smith, in a statement.
“We continue to look at finding additional capacity with existing managers, identifying new managers and investing in enhanced infrastructure developments.”
