Fresh from winning a $100m mandate from the Tasmanian Retirement Benefits Fund, Zurich-based GAM has produced a solid June performance and a 2.41% return for the quarter on its Absolute Return Bond Defensive Fund. These figures compare rather well to the average return across the Yield Report “universe” of global bond funds where returns for the month and the quarter were -1.03% and -1.22 respectively.
GAM uses a fundamental, top down approach to actively manage a global portfolio of bonds, notes and derivatives. It produced a positive return for the month and the quarter whereas many other global and domestic bond funds produced returns of between -1.00% and -3.00%.
