"Citywire AA-rated Smouha shines in multi-managers’ post-Brexit bets"

Article by Teri-Ann Williams
Published on 08 Aug. 2016 in Citywire Selector

The Brexit vote forced many leading UK multi-managers to substantially change positions in the immediate aftermath, with many ditching property and upping cash.

That is according to a report by fund distribution firm Harrington Cooper, which said property exposure fell from 4% in May to 2.24% in June, while investors piled into cash, with the average allocation rising by 2.84 percentage points.

In addition, UK-based multi-managers looked to reposition their fund manager exposure, with the biggest recipient of investor interest being Citywire AA-rated Anthony Smouha’s GAM Star Credit Opportunities.

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