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GAM slashes fees as it rebrands multi-asset funds

GAM slashes fees as it rebrands multi-asset funds

GAM is set to review the fee structure for one of its multi-asset fund ranges, Wealth Manager sister title Citywire Selector has learned.

The changes will concern the multi-asset MPS range, which is currently managed by Charles Hepworth (pictured) and James McDaid.

In the internal note, the asset manager said the team will intensify its focus on cost efficiency at an underlying fund level in order to continue to deliver outperformance for clients.

This will involve slashing fees of the fund range. At the time of publication, a spokesperson for the firm could not confirm the exact new level of fees.

In addition to better reflecting the investment offering of the funds and their portfolio holdings, the firm has decided to add the word ‘global’ to the name of each fund in the range.

The strategies concerned will be renamed as follows:

  • GAM Star Global Defensive;
  • GAM Star Global Cautious;
  • GAM Star Global Balanced;
  • GAM Star Global Growth;
  • GAM Star Global Dynamic Growth

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James McDaid
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