GAM targets Middle East opportunities
GAM, the fund management business owned by Swiss bank Julius Baer, has launched a fund investing in frontier markets, in particular the Middle East.
The Star Frontier Opportunities fund will be managed by Sean Taylor, investment director and head of emerging markets.
Taylor highlighted the fact frontier markets do not tend to move in tandem with developed world equities or with mainstream emerging markets.
He said: "This unique quality offers useful diversification potential. The fund has a significant bias towards the Middle East and the Gulf region as I believe we are seeing positive, national and regional developments there, both on a political and economic level.”
The long-only fund, listed in Dublin, will invest in between 30 and 50 stocks.
Taylor, who joined GAM from SG Asset Management four years ago, also manages a long/short fund investing in frontier markets.
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