Komfie Manalo, Opalesque Asia:
Consolidation, especially between a big pure-play asset management group and a
boutique management firm, can lead to a win-win situation because it allows fund
managers to focus on what they do and like best, which is managing clients assets,
while asset raising is supported by the larger group.
This was stated by Daniel Durrer who is responsible for Continental European
distribution at GAM Holdings at the Opalesque
Roundtable Zurich 2014. GAM acquired a majority stake in Lugano, Switzerland
based Arkos Capital in 2012.
Durrer said, "Their co-founder [Gianmarco Mondani] has remained on board as CIO of
the team, and he recently told me that before becoming part of GAM, he was spending
half of his time dealing with regulation, audits and compliance, and how much he
enjoys the fact that now he is back at what he does best: managing assets for his
He explained that the combination of GAMís size and culture makes it an attractive
partner for boutique like Arkos, because it allows them to preserve the integrity of
their investment approach and enable them to grow.
GAM has completed the acquisition of 74.95% of absolute return
specialist Arkos Capita......................
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