GAM launches Merger Arbitrage Strategy
GAM has announced the launch of a new Merger Arbitrage Strategy aimed at benefiting from inefficiencies of stock market valuations during mergers and acquisitions.
The fund will be managed by Roberto Bottoli, who joins the group from Allianz Global Investors, where he spent ten years in charge of Merger Arbitrage strategies.
The strategy of the fund, will be based on a bottom-up selection process, with sector and country allocation fully dependent on merger or arbitrage opportunities in the respective markets.
Based in Lugano, Bottoli will work closely alongside Gianmarco Mondani, CIO Non-Directional Equities at GAM.
The fund will be part of GAM’s Ucits compliant Absolute Return strategies range, with currently encompasses USD 21.9bn (€19.78) of AUM.