Gam launches market neutral credit fund

Gam has soft-launched a market neutral credit fund for retail investors, raising $50m (£32m) for the product in eight weeks.

The Gam Star Diversified Market Neutral Credit fund launched on 2 July. It aims to produce absolute returns that have little correlation to fixed income and equity markets. The manager, DCI, has positioned the fund with a bias towards investment grade credit, where it believes assets are mispriced. Stephen Kealhofer, DCI's managing partner and CIO, says: "We capture and interpret an extremely broad set of information from both equity and credit markets so that we can determine credit risks accurately and frequently. We use this information to identify and exploit mispricings in the ma...