GAM Adds to Star Range

Stephen Harris

10 July 2007

GAM has added two new US equity funds to its “Star” range, both of which will be run externally for GAM by US-based managers; GAM Star US All Cap Equity by Manning & Napier and GAM Star US Small & Mid Cap Equity by Advisory Research, Inc. GAM Star US All Cap Equity seeks to achieve returns through a disciplined bottom-up research driven approach to investment within a global macroeconomic framework. The fund employs an absolute return, deep-value approach and focuses on market survivors in cyclical industries, stocks with low price-to-book values and companies with a sustainable competitive advantage. The GAM Star US Small & Mid Cap Equity targets value-oriented companies in the Russell 2500 Value Index with market capitalisations of typically between $400 million to $9 billion. The fund’s investment process emphasises downside protection before upside participation. Detailed analysis of the balance sheet and business plan are the key to picking stocks for this fund, says GAM.