Investment Solutions
Funds Overview
We use intensive, fundamental research to identify investment grade and high quality issuers with robust long-term businesses. We then analyse and select bond issues from lower down the company's capital structure to earn attractive yields. Focusing only where we see the richest opportunity set, for instance within the financials sector and in hybrid bonds, we build a highly diversified portfolio of conviction ideas which has relatively low correlation to benchmarks and traditional credit funds. 
End of Month NAV and Performance

For accredited, professional, institutional and/or qualified persons only.
Past performance is not indicative of future performance. Performance is provided net of fees.

Click on "More information" for latest NAV

Valuation date: 30 Nov 2017
PRICE MTD%
GAM Star Credit Opportunities (USD)
Accumulation USD 16.8668 0.22
Income USD 12.7684 0.22
Institutional (Acc) USD 15.0300 0.25
GAM Star Credit Opportunities (EUR)
Accumulation EUR 18.5877 0.14
Income EUR 17.1089 0.14
Institutional (Acc) EUR 15.7736 0.17
Institutional (Inc) EUR 14.7144 0.17
GAM Star Credit Opportunities (GBP)
Accumulation GBP 19.2425 1.00
Income GBP 14.0748 1.00
Institutional (Acc) GBP 16.3886 1.03
Institutional (Inc) GBP 13.5487 1.03
GAM Star Credit Opportunities (CHF)
Accumulation CHF 17.6291 0.14
Income CHF 13.7063 0.14
Institutional (Acc) CHF 14.1350 0.16
Key characteristics

ASSET CLASS

Fixed Income - Specialist

INVESTMENT OBJECTIVE

The fund seeks to achieve high income generation with capital appreciation from investing in bonds of high quality companies 

INVESTMENT UNIVERSE

Publicly quoted corporate bonds of any credit quality issued predominantly by investment grade companies, with a particular focus on the financial sector and niche areas such as undated, floating rate and fixed-to-floater debt instruments 

INSTRUMENT TYPES USED

Mainly corporate bonds, with limited exposure to convertibles, derivatives (mainly currency forwards) and cash

HEDGING

Able to use currency forward contracts to hedge the currency risk of non-base currency assets. Derivatives have not been used to hedge interest rate risk as inclusion of fixed rate and floating rate bonds provides natural hedge.

LEVERAGE

The fund does not borrow to invest and does not leverage its positions to generate a notional exposure in excess of its NAV. 

Competitive Advantage
The strategy’s key competitive advantages is a clear focus on and track record of minimising credit default risk while maximising total returns. Fundamental credit analysis expertise and experience to profit from the growing sophistication in companies’ capital structures Freedom and flexibility to pursue opportunities in under-researched, income-generative segments of the USD, EUR and GBP corporate bond markets
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Meet our award winning credit investment specialists
Jeremy Smouha
CEO of Atlanticomnium (UK)
Board of Directors, Investment Committee
Jeremy joined us in 2013 to establish the London branch of Atlanticomnium to provide investment support to Atlanticomnium SA... VIEW PROFILE
Anthony Smouha
CEO, Fund Manager
Board of Directors, Management Committee
Anthony is the Fund Manager for multiple GAM bond funds as well as managing private client accounts. Prior to joining... VIEW PROFILE
Gregoire Mivelaz
Fund Manager
Investment Committee, Management Committee
Prior to joining us in 2009, Gregoire was Head of Credit Research at SJ Seymour, an independent wealth management and bond... VIEW PROFILE

Contact us

Call us on +44 207 917 24 48 to speak with a member of the team; alternatively you can use the form below to send us an email. For details on how to find us please visit the Contact Us page.

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