Global Investment Advisors Limited (“GIA”), a London-based investment management firm specialising in global fixed income fund management and alternative investment strategies owned by Integrated Asset Management, today announced that the multi strategy fund of funds GAIM Hedge Fund (“GAIM” or “The Fund”) has surpassed its target level of $50 million in assets under management.
Launched in August 2001, GAIM is a multi-strategy tracker fund of hedge funds in the UK.
The Fund invests across four main strategies: macro, market neutral, long-short equity and event-driven and places assets in up to 20 hedge funds, allocated to the five largest funds by asset size in the CSFB-Tremont Hedge Fund Index. GAIM therefore enables its investors to gain exposure to the hedge fund industry through a diversified portfolio of leading hedge funds while reducing their exposure of risk to a single investment strategy.
T he minimum investment level of US$10,000 or €10,000 has made GAIM accessible to a wider range of investors than is the case of many other hedge funds, says the company. GAIM is also available in another share class (Class B) where the minimum investment level is $100,000 or €100,000.
GIA continues to market Capital Protected Notes that are guaranteed by Lehman Brothers Holdings Inc. (“Lehman Brothers”) and linked to the performance of GAIM. These Notes offer the investor access to the hedge fund industry via GAIM, with 100% capital protection at maturity plus the opportunity of leveraged performance provided by Lehman Brothers.
GIA recently launched another fund of hedge funds: the GAIM Market Neutral Fund (“GAIM Market Neutral”) in response to both investor demand and to the market trends that the GIA team has predicted. GAIM Market Neutral has a passive investment strategy, investing assets in up to 20 leading index constituent hedge funds in the Equity Market Neutral and Convertible Arbitrage Sub-Indices of the CSFB-Tremont Hedge Fund Index. GAIM Market Neutral is designed to provide investors with above average returns that are not correlated with the performance of the overall equity markets. Capital protected notes linked to the performance of GAIM Market Neutral and arranged by Lehman Brothers International (Europe) are also available through GIA.
Emanuel Arbib, co-founder and Chairman of GIA and Chief Executive Officer of Integrated Asset Management Plc said, “GAIM has been very well received by investors in spite of the difficult market conditions that have persevered throughout the life of this Fund. This shows us that even under the current market, there is still investor appetite for products that are specifically structured to address the concerns that plague investors at the moment. I expect that GAIM Market Neutral will be equally successful as it provides investors with the chance for attractive returns with low volatility.”