The investment objective of the Fund is to provide capital growth by investing at least 85% of its net assets in GAM Star Credit Opportunities (GBP) (the “Master Fund”), a sub-fund of GAM Star Fund p.l.c, the investment objective of the Master Fund is to achieve long-term capital gain in Sterling.
However, the intention of the Fund is to invest all monies received into the Master Fund.
The Fund may invest up to 15% of its net assets in aggregate in ancillary liquid assets including cash deposits, cash equivalents, certificates of deposits and money market instruments which may be held by the Fund for hedging purposes, to meet expenses or pending reinvestment.
As a result of the level of investment made by the Fund in the Master Fund and the different fee structures, the performance of the Fund and the Master Fund may not be identical.
The ACD shall ensure that a reimbursement of fees is made such that there is no double charging of investors.
The Master Fund seeks to achieve its’ investment objective through global investment principally in income bearing or accruing securities with fixed principal amounts including government bonds, corporate bonds, junior debt securities, preferred shares, convertible securities and contingent capital notes.
The securities in which the Master Fund invests will include fixed and floating interest instruments and there are no maturity restrictions.
At least 40% of net assets will be invested in investment grade securities.
The Master Fund may invest up to 10% of its net assets in Emerging Markets and up to 10% in Russia.
The Master Fund may invest up to 10% in collective investment schemes that have investment policies similar to those of the Master Fund (which may include those that are managed or operated by the ACD or an associate of the ACD).
The Master Fund adopts a flexible approach seeking opportunities globally across the whole credit spectrum regardless of index weights.
The Master Fund can use derivatives, which are sophisticated instruments whose value is linked to the rise and fall of other assets, for investment purposes to generate market exposure that exceeds the value of its assets and for the purposes of hedging and efficient portfolio management, with the aim of managing risk and cost.
The Master Fund is actively managed. This means the Investment Manager uses their expertise to pick investments to achieve the Master Fund’s objective.
The investment process of the Master Fund integrates the consideration of environmental and social factors and is described in more detail in the Prospectus.
You can buy and sell shares on any business day in London.
Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within 5 years.
For full investment objectives and policy details please refer to the Prospectus.
