The GAM Star Cat Bond Fund returned to growth at the latest net asset value reporting
Cat bond funds: GAM decline halts. Fermat expands | | | GAM Star Cat Bond Fund AUM decline halts, growth returns. Fermat UCITS expands  The GAM Investments operated Star Cat Bond Fund UCITS strategy saw its catastrophe bond assets under management rise at the latest reporting of net asset values, halting a decline that began after ending its long relationship with the fund's previous portfolio manager, Fermat Capital Management. Having shrunk by almost 37% between the end of March and May 12th, a roughly US $938.5 million decline in assets for the GAM Star Cat Bond Fund, this strategy returned to growth and reached US $1.8 billion as of net asset value reporting at May 27th. The Fermat UCITS Cat Bond Fund grew by almost US $775 million from March 31st to this week, with the strategy expanding by a stunning 97% as a result, to reach a new high of US $1.58 billion. Read the full story. Other articles: | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
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