Clarifications following recent headlines on GAM

Credit Opportunities funds

Dear client,

As you may be aware, GAM announced on July 31 2018 the suspension of Tim Haywood, investment director business unit head for the unconstrained/absolute return bond strategy (“ARBF”), following an internal investigation.

We would like to emphasise that Tim Haywood never had any connection to the management of the GAM Star Credit Opportunities funds. The GAM Star Credit Opportunities funds are managed by a third-party manager, Atlanticomnium SA.

Atlanticomnium is an independent Geneva-based fund management company with an office in London, who have specialised in credit investing since they were founded in 1976. Atlanticomnium has managed assets for GAM since 1985, but remains completely independent.

The fund managers, Anthony Smouha and Gregoire Mivelaz, have a combined experience of over 40 years in credit analysis and, as a result, have cultivated a loyal client base of institutions, banks, brokers and finance companies. As a corporate bond specialist, Atlanticomnium uses a proven active management methodology to enhance the value of fixed income assets through consistently high current income and capital growth.

You can find more information on the funds at https://www.gam.com/en/gam-star-credit-opportunities or http://www.atlanticomnium.ch.

Should you have any questions, please do not hesitate to contact your GAM sales representative.


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02 August 2018

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