GAM, one of the world's largest fund of hedge fund managers, has reopened its final fund to new investment seven years after closing it.
The UK- based firm, which had $28.1bn (â¬19bn) of fund of hedge funds assets under management at the end of 2007, has reopened its GAM Trading fund, which it capped in 2001. The fund, an amalgamation of five trading funds into one, with $4.6bn of assets, invests in hedge funds following global macro strategies and computer-driven strategies.
