The directors of the GAM Star Pharo Emerging Market Debt & FX fund are moving the management in-house, Global Fund Wire reports. The vehicle, which will be renamed as the GAM Star Emerging Markets Total Return, will now be managed by GAM investment director, Paul McNamara.
The vehicle’s delegate investment management contract with Pharo Global Advisors will be terminated with effect from the start of next month. The fund will continue to be managed using a top-down macroeconomic style with a strong focus on active risk management.
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