gam and swiss global report aum

Zurich-based Gam Holding AG, parent company of Swiss & Global, reported a 5% growth in group assets under management to CHF116.8bn in the third quarter, as it benefited from positive markets and net new money in both operating businesses.

gam and swiss global report aum


AUM at Gam totalled CHF48.2bn at the end of Q3, compared to CHF45.4bn at the end of June 2012.

The firm said this 6% increase included for the first time the CHF742m brought over from the completed acquisition of Arkos Capital in July.

“Gam’s broad alternative single manager range – the absolute return fixed income, global macro, discretionary FX and emerging market rates strategies, as well as the newly integrated strategies of Arkos Capital – recorded inflows from both institutional clients and wholesale clients,” the company said.

It added that investor demand, particularly from private clients, continues to be focused on liquid and regulated single manager alternative products, while institutions remained interested in low-volatility, uncorrelated portfolios of hedge funds.

Gam said its pipeline indicated the funding of new mandates for multi-manager solutions by the end of the year.

Meanwhile, at Swiss & Global AUM jumped 6% to CHF87.3bn from CHF82.6bn, which the business said was driven by healthy net new money growth in line with targets.

Active fixed income funds, managed both by GAM and in-house, continued to attract strong inflows and physical precious metal ETFS, particularly in the gold fund, also enjoyed solid net inflows.

Equity funds were the one blip on the sales sheet, with interest from investors remaining subdued even in products with compelling long-term investment themes and performance. This resulted in modest outflows for the asset class.



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