K2AM partners with GAM on long/short fund
K2 Asset Management has announced a partnership with GAM to manage its long/short fund.
GAM would manage the firm’s K2 Select International Absolute Return fund, which had been running since 2005, from 7 February onwards.
As a result, the name of the fund would change to Select International Alpha fund and GAM would manage it with a long/short approach to invest in “companies with disruptive characteristics and substantial potential for growth”.
Mark Hawtin, a London-based investment director, would lead the fund’s management, having worked at GAM since 2008.
GAM Australia managing director, Alex Zaika said: “GAM is excited to partner with K2 Asset Management which allow retail investors in Australia to access GAM’s long short global equity capabilities for the first time”.
George Boubouras, executive director of K2 said: “We are pleased to be able to partner with a large global and high quality long / short manager with such a strong track record. Facilitating successful best-of-breed global managers into the local market ultimately benefits Australian investors”.
Headquartered in Zurich, GAM had $100 billion in assets under management.
AUTHOR
Laura Dew
Recommended for you
Alphinity Investment Management and CSIRO have brought its responsible AI framework to the market, helping investors navigate AI alongside ESG principles.
The ASX board has appointed Wayne Byres as a non-executive director, who previously served as APRA chair for more than eight years.
Ahead of an upcoming fund launch focusing on mid-caps, OC Funds Management has welcomed a new portfolio manager to its investment team.
Almost 70 per cent of asset managers are planning to control costs via product rationalisation, according to a global survey by Northern Trust, as they seek to offer clients a best-in-class experience.
Add new comment