View more on these topics

GAM and BarCap team up for FOHF alternative

GAM and Barclays Capital have teamed up to offer an offshore Oeic that invests in derivatives to provide actively managed exposure to a portfolio of Barclays investable indices.

The Dublin-based GAM Star Barclays dynamic multi-index allocation fund is a fund of alternative indices, with lower costs than traditional funds of hedge funds.  It aims to provide consistent, non-correlated returns of 4 to 6 per cent above Libor in any market environment by applying GAM’s investment management and asset allocation skills to Barclays Capital’s quantitative indices. The fund will diversify across asset classes and investment strategies in line with changing market conditions using the indices, some of which have short positions built in.

Barclays Capital offers more than 4,000 investable indices but only 20 to 30 will make it in to the GAM portfolio. GAM co-managers Chi Lee and David Smith create the portfolio from the initial universe by filtering out indices with similar strategies or those that have such a narrow focus that they are deemed too niche for the GAM portfolio. The remaining indices are whittled down to a shortlist of about 50. This shortlist is not static and will be constantly reviewed and updated to ensure it contains the best indices for representing each strategy and asset class.

The chosen indices express the views of GAM’s multi-manager team across asset classes and trading styles. High liquidity enables the fund to be completely liquidated within days of a significant market shock, which would not be the case traditional hedge fund investments. Using indices also enables GAM’s managers can see everything in the portfolio, enhancing their understanding how much risk it contains.

GAM says investing in quantitative indices has become more mainstream because investors are complementing their alternative investment portfolios with index allocations. However, the fund is likely to appeal to more sophisticated investors who are looking for a medium to higher risk alternative to funds of hedge funds.


FSB wants probe into impact on small firms

The Federation of Small Businesses is calling on the Government to undertake an assessment of the impact of automatic enrolment on small firms as the organisation continues to press for an exemption for micro-businesses. In October, Money Marketing revealed Government officials were considering extending the auto-enrolment phasing period for small firms due to concerns about […]


Pru sets out adviser charging plans

Prudential has set out how it plans to facilitate adviser charging, including the products that will offer adviser charging and when deductions will be taken. Pru says it will offer adviser charging on its guaranteed pensions annuity, income choice annuity, flexible retirement plan including drawdown, and trustee investment plan. The Prudence inheritance bond, the Prudential […]


Nic Cicutti: The only way is ethics

I hope he won’t mind me saying it, but I’ve long had a soft spot for Harry Katz, North-west London’s finest financial adviser. In recent years, barely a week has passed without an email from Norwest Consultants’ principal, commenting on my latest column. Regardless of whether we agree or disagree – and as often as […]

Two-way street

Zurich’s platform is a late arrival but Mark Peters says listening to advisers before launching gives it a competitive advantage, reports Rachael Adams

China tech and Global Alpha: a new great leap forward

By Robin Geffen, Fund Manager and CEO

Internet giant Alibaba is exactly the type of entrepreneurial company that the high-conviction, top-performing Neptune Global Alpha Fund seeks to invest in. Established just 14 years ago in an apartment in Hangzhou, today Alibaba is larger than Amazon and eBay put together and is challenging some of the most powerful internet companies in the world…

Read more 

Important information

Investment risks

The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm