GAM launches UCITS version of US equity strategy

GAM has opened its long-running US Equity fund to UK retail investors with the launch of a mirror fund.

The $55m GAM GAMCO US Equity fund is a UCITS version of an existing US strategy launched almost 25 years ago and managed by independent investment boutique GAMCO. GAM launched a retail share class for the fund earlier this month on the Irish stock exchange, with a minimum investment of $10,000. Managed by chairman Mario Gabelli, the UCITS offering will feed into the existing GAM GAMCO Equity fund. The fund’s investment process targets undervalued companies in which Gabelli can see catalysts for improved performance. The fund complements GAM’s existing US equity strategies availa...