K2AM partners with GAM on long/short fund
K2 Asset Management has announced a partnership with GAM to manage its long/short fund.
GAM would manage the firm’s K2 Select International Absolute Return fund, which had been running since 2005, from 7 February onwards.
As a result, the name of the fund would change to Select International Alpha fund and GAM would manage it with a long/short approach to invest in “companies with disruptive characteristics and substantial potential for growth”.
Mark Hawtin, a London-based investment director, would lead the fund’s management, having worked at GAM since 2008.
GAM Australia managing director, Alex Zaika said: “GAM is excited to partner with K2 Asset Management which allow retail investors in Australia to access GAM’s long short global equity capabilities for the first time”.
George Boubouras, executive director of K2 said: “We are pleased to be able to partner with a large global and high quality long / short manager with such a strong track record. Facilitating successful best-of-breed global managers into the local market ultimately benefits Australian investors”.
Headquartered in Zurich, GAM had $100 billion in assets under management.
AUTHOR
Laura Dew
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
