Swiss asset manager GAM has closed the acquisition of Cantab Capital Partners, a British multi-strategy systematic manager that oversaw $4.1bn in assets for institutional clients worldwide as at 1 October 2016.
Cambridge-based Cantab was founded in 2006 by Ewan Kirk. The firm employs 55 staff, all of whom will continue to work out of Cambridge.
“The acquisition is expected to be accretive to GAM’s underlying earnings per share in the first full year of ownership. It will expand and diversify GAM’s active investment capabilities into systematic investing – a segment with growing investor demand, where returns show low correlation to traditional asset classes,” GAM said.
With the completion of the deal, which was announced on 29 June 2016, GAM is launching two new UCITS funds that will be based on Cantab’s tested investment strategies.
The new funds will be available under the new GAM Systematic platform that is co-led by Cantab CEO Adam Glinsman and GAM Alternative Investments Solutions (AIS) group head of portfolio management Anthony Lawler.
The systematic global equity market neutral strategy will invest in liquid equities globally using Cantab’s proprietary research and trading systems without taking equity market beta..
The systematic diversified macro strategy is a multi-asset, multi strategy produced based on Cantab’s Core Macro fund launched in 2013. The vehicle will target returns uncorrelated to traditional asset classes by looking across over 100 markets in currencies, fixed income, equity indices and commodities.
The GAM Systematic platform will also include GAM’s existing Alternative Risk Premia strategy that is managed by Lars Jaeger.