GAM has selected Romain Miginiac (pictured) as co-fund manager of its Star Credit Opportunities fund, which is handled by Geneva-based fund management Atlanticomnium.
As of his internal appointment on 1 October, Miginiac will manage the fund in addition to his current Sustainable Climate Bond strategy, which was Environmental Finance’s Green Bond Fund of the year in 2023. He will also continue his role as head of research for Atlanticomnium.
Miginiac has worked for Atlanticomnium since 2018, and previously with Aberdeen Standard Investments, KPMG, and UBS.
He will join current managers Anthony Smouha, Gregoire Mivelaz, and Patrick Smouha in managing the fund.
The Star Credit Opportunities fund’s place on Interactive Investor’s Super 60 Buylist was placed under review in late September due to uncertainty surrounding the future of GAM in the wake of Liontrust’s failed takeover bid for the firm.
GAM appointed a new CEO, Elmar Zumbuehl, on 2 October.
“We are very pleased to appoint Romain a co-fund manager of GAM Star Opportunities,” said Anthony Smouha, CEO of Atlanticomnium.
“As head of research for the last five years and a fund manager of the GAM Sustainable Climate Bond strategy for over two years, he has given invaluable insight to our strategies, where the return potential is now the most attractive it has been for many years. Romain’s new role represents our continued aim to deliver excellent performance for our clients.”
GAM has partnered with Atlanticomnium since 1985, nearly ten years after the firm was founded. As of 30 June, the Swiss-based asset manager held CHF68bn (£61.44bn) assets under management.
“I am delighted to take on the responsibility of fund manager for the GAM Star Credit Opportunities strategy,” Miginiac said.
“I look forward to co-managing the strategy, which has one of the longest track records within subordinated debt, alongside a team of experienced individuals. This comes at an exciting time, given both the extraordinary double-digit yields on the strategy but also the opportunity to take part in GAM’s new journey.”