Lars Jaeger

GAM Investments yesterday announced the win of a new Australian mandate for its GAM Systematic Alternative Risk Premia strategy. AMP Capital, one of Australia and New Zealand’s leading specialist wealth management companies, plans to make an initial investment of AUD 135 million in a mandate that will manage a diversified portfolio of risk premia.

GAM Systematic’s alternative risk premia portfolios typically target around 15 risk premia strategies across the style categories of value, momentum and carry. The team, led by Dr. Lars Jaeger, uses a disciplined research process to design, systematically implement and trade the various risk premia. The team will run the segregated mandate with a 10% volatility.

Lars Jaeger, head of alternative risk premia, said: “Our investment strategy has the potential to generate performance patterns which so far have largely remained uncaptured, or accessible only to the most sophisticated hedge fund managers. The team at GAM has more than 13 years’ experience in building and executing alternative risk premia strategies. In our investment process, we allocate capital across our portfolio based on each individual component’s expected drawdown, rather than based on volatility. Overall this gives us a more stable portfolio and one that is more protected in extreme market conditions.”

Celine Kabashima, portfolio manager at AMP Capital, said: “The strategy plays an important part in our absolute return program by providing our portfolios with diversification benefits against traditional asset classes and attractive risk-adjusted returns in a liquid and cost-efficient manner. The strategy acts as a complement to our existing suite of absolute return and risk premia strategies. It also offers a solution with a higher volatility profile that meets the objectives of our portfolios.”

Rossen Djounov, GAM’s head of Asia, added: “Australia is a key region for GAM, where we are continuing to grow. We now manage AUD 5.2 billion for Australian clients, who benefit from our knowledge and experience in alternative fixed income, equities and quantitative strategies. We are committed to the Australian market and see significant potential to introduce products to the region to help investors reach their investment aspirations.”

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Lars Jaeger

AMP Capital has awarded an initial $135 million risk-premia mandate to GAM Investments, one of the world’s leading independent, pure-play investment managers.

This mandate is for the GAM systematic alternative risk premia portfolios which typically target around 15 risk premia strategies across the style categories of value, momentum and carry.

The GAM team, led by Dr. Lars Jaeger, uses a disciplined research process to design, systematically implement and trade the various risk premia. The team will run a new higher volatility version of the same strategy, which AMP Capital will seed.

Celine Kabashima, Portfolio Manager at AMP Capital said: “GAM Systematic Alternative Risk Premia plays an important part of our absolute return program by providing our portfolios with diversification benefits against traditional asset classes and attractive risk-adjusted returns in a liquid and cost-efficient manner.

“The strategy acts as a complement to our existing suite of absolute return and risk premia strategies. It also offers a solution with a higher volatility profile that meets the objectives of our portfolios.”

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GAM Systematic’s alternative risk premia portfolios typically target around 15 risk premia strategies across the style categories of value, momentum and carry. The team uses a disciplined research process to design, systematically implement and trade the various risk premia.

Anthony Lawler, co-head of GAM Systematic, said: “We see continued strong interest in our product offering managed by GAM’s alternative risk premia team led by Lars Jaeger. Our highly disciplined research approach, honed over many years, focuses on designing well-structured risk premia with a focus on low cost implementation. GAM Systematic brings solutions to the table that are uncorrelated to the global bond and equity markets over the cycle, and that is clearly something that our clients seek in today’s environment.”

Lars Jaeger, head of alternative risk premia, said: “We are honoured to be selected by CommInsure for this mandate. With 13 years’ experience in alternative risk premia design, implementation and trading, our team has created a portfolio of strategies and styles that shows high stability in very different market environments. We utilise in-house developed expected drawdown-based portfolio optimisation methods to manage risk, in order to reconcile our clients’ return objectives with their desire for capital protection.”

Rossen Djounov, GAM’s head of Asia, added: “Australia is a very important region for GAM and we are glad to see it grow both in terms of assets we manage for local clients as well as the further diversification of our product offering. With this new mandate, GAM now manages over AUD 4 billion for Australian clients, who benefit from our expertise in absolute return, traditional and systematic  investment strategies. We remain committed to the Australian market and continue to build long-term partnerships with our clients here.”

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