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Laxman Pai, Opalesque Asia: The alternative investments specialist firm Bainbridge Partners has agreed to take over the management of three strategies that previously sat on GAM's Alternative Investment Solutions (AIS) platform.
According to a joint press release, Bainbridge is to assume responsibility for a trio of strategies with €80m ($86m) in combined assets.
Antoine Haddad, CEO of Bainbridge said: "Our investment team is delighted to add some of GAM's longstanding multi-strategy products to Bainbridge's disciplined alpha generation capabilities".
Jill Barber, GAM Global Head of Institutional Solutions said. "We are delighted to be able to transfer a number of the funds from our AIS platform to Bainbridge whose spirit and investment philosophy echo the approach that GAM has pioneered since 1983. We believe that this transfer will be in the best interests of our clients."
The release said that the transfer of GAM AIS's assets complements Bainbridge's award-winning Aperio Master AlphaStrategy (AMAS) fund.
Bainbridge's multi-strategy, pure alpha offering has been recognized for standing out with positive returns during the Global Financial Crisis of 2008, the Covid Crisis of 2020, and the recent market downturn of 2022.
The AIS had been under the guidance of Giovanni D'Alesio, who was head of research before he moved to assume an executive director position covering alternatives and management selection at Goldman Sachs in November of last ye...................... To view our full article Click here
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