GAM has appointed Randel Freeman as co-CIO of its alternatives arm as the Swiss asset manager looks to build out its offering within the asset class.
He will become co-head of the division alongside Albert Saporta.
Freeman brings 30 years experience within the hedge fund industry to GAM, with his previous role being a seven-year stint at Monaco-based activist fund SSVL Monaco.
In 2000, he co-founded Centaurus Capital, a multi-billion dollar hedge fund group, and served as the firm’s CEO and CIO until 2014 when the business was sold to Fortress Investment Group.
He was previously co-head of the risk arbitrage division at Banque Paribas in London and an associate at Goldman Sachs in New York.
Elmar Zumbuehl, CEO of GAM, said: “GAM has a 40-year history of providing clients with access to innovative alternative asset classes for wealth and institutional investors.
“As demand for active portfolio diversification and alpha generation grows, we are excited that Randy Freeman joins us as co-head of our alternative investments capabilities, reigniting our founding DNA in alternative investing and complementing our already strong set of high conviction equity, specialist fixed income and multi-asset investment solutions.”
See also: BlackRock: Eltifs could become the ‘vehicle of choice’ for private market investments
