Fermat and GAM have agreed that FCM will take on the sole management of the offshore cat bond fund
Fermat to be sole manager of GAM FCM Cat Bond Fund | | | Fermat to become sole manager of offshore GAM FCM Cat Bond Fund  In an announcement today GAM Investments (GAM) and Fermat Capital Management (Fermat) said that they have reached a mutual agreement that will see Fermat becoming the sole manager of the offshore GAM FCM Cat Bond Fund, with GAM to have no ongoing involvement in the strategy. Fermat Capital Management will now become the sole investment manager for the US $200 million GAM FCM Cat Bond Fund which is domiciled in the British Virgin Islands. In related news, we reported this morning that the UCITS GAM Star Cat Bond Fund strategy, which Fermat no longer manages from tomorrow, saw its assets under management decline by approximately 25%, or around US $650 million, just in the month of April 2025 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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