GAM's Hepworth: My top fund picks for DFM range

Charles Hepworth, investment manager in charge of GAM's discretionary fund management (DFM) offering for UK IFAs launched in November, has revealed his top fund picks for the range.

Hepworth aims to have funds in his top ten holdings that “people have never heard of” to differentiate GAM’s offering from the competition. One of his top fund picks is the Pareturn Barwon Private Equity fund run by Barwon’s Sam Armstrong, which is a listed private equity fund domiciled in Luxembourg. “Many private equity firms have recovered from last year’s losses now and are up 15%-20% since December,” Hepworth said. “People tend to think of private equity as an illiquid investment, but if you are investing in big private equity outfits, there are no liquidity issues.” Another ...