GAM’s fellow asset manager Liontrust – the firm that tried to buy the group last summer — is to become the delegated investment manager of its Star Alpha Technology fund.
The changes will be effective on or around 6 May, GAM announced in a letter to shareholders. It said the appointment will not impact the fund’s day-to-day management, strategy or expenses.
The €34m fund is managed by Mark Hawtin, head of global equity at the Swiss group, but he will join Liontrust in May.