The new fund, called the GAM Systematic Diversified Macro fund, is designed to deliver returns which are uncorrelated with traditional asset classes.
To achieve this it invests in over 100 global markets across all major asset classes, including currencies, fixed income and equity indices.
The Ucits framework means the fund will offer daily liquidity to investors. It is designed to complement GAM’s existing alternative risk premia and equity market neutral Ucits products.
The new fund will be managed by the UK-based multi-strategy systematic manager Cantab Capital Partners acquired by GAM in June last year.
The managers will combine multiple investment strategies grouped around two uncorrelated return sources: relative value positioning in value and carry, and directional positioning in trend.
According to GAM, the strategy combines “proprietary state-of-the-art infrastructure, machine learning and big data techniques” which will “allow for the generation of highly diversified returns by capturing persistent signals across a variety of asset classes”.
This is GAM’s third Systematic Ucits fund, alongside Systematic Global Equity Market Neutral, launched in November, and its Alternative Risk Premia vehicle.
Adam Glinsman, co-head of GAM Systematic, said: “Our Diversified Macro strategy combines a fully-integrated approach to risk management with innovative machine learning and big data techniques, under a liquid, cost-effective framework.
“These attributes make it a compelling diversifier to any portfolio.”
