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Home > Investments > Discretionary Management

By Jenna Voigt | Published Jul 27, 2012

Discretionary fund board set up by Gam

Gam has created an investment advisory board to take charge of its discretionary managed portfolio business, alongside the firm’s existing investment teams.

The board will be chaired by Graham Wainer, Gam’s global head of investments for managed portfolios.

He will be joined by European equity manager Niall Gallagher, business unit head for fixed income Tim Haywood and multi-manager Anthony Lawler.

Independent global strategists James Aitken of Aitken Advisors and Graham Turner from GFC Economics will complete the advisory team.

Gam said the advisory board would be responsible for determining general investment strategy, asset allocation and positioning across fixed income, currencies, equities and alternative investments for the firm’s discretionary managed portfolio assets.

The move continues Gam’s push into the discretionary management market. The firm hired Quilter’s head of managed portfolios Charles Hepworth and senior associate James McDaid earlier this year to help develop its discretionary fund management proposition.

Mr Wainer said: “To deal effectively with the formidable challenges that financial markets continue to present, we have established a new board to advise on strategic asset allocation in our managed portfolio business.

“I am confident that by bringing together this highly respected group of experienced investors we will considerably strengthen our understanding of market dynamics and the opportunities they create across the investment spectrum. This in turn will enable us to make well informed investment decisions and enhance the overall investment results we deliver to our clients.”

In February, the group announced it was set to expand its discretionary fund management capability, which will consist of a range of model portfolios that will be assigned a risk rating, as well as a customised portfolio service.

Elsewhere, the firm said it aimed to keep charges below 2 per cent on its managed service. The price tag would be designed to take advantage of a current industry trend that is seeing advisers outsource their clients’ investments to ‘value for money’ discretionary fund managers.

Craig Wallis, global head of institutional and fund distribution at Gam, told Investment Adviser in March: “We’re not targeting aggregate cost to clients of more than 2 per cent because IFAs won’t be interested in that.”

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