Absolute Returns

With U.S. data releases in the black and the Fed ready to act, Treasury yields kept creeping higher over the recent weeks. Meanwhile, the ECB recently signaled it may extend its bond buying program at the current € 80bn per month beyond March 2017 (the final decision is likely to be announced on December 8th).

The victory of Donald Trump in the U.S. presidential election has led to widespread market movements. After initial adverse movements, equities rallied and bond yields jumped as Trump’s initial statements reassured markets, calling for unity and pledging that he will be the “president of all Americans”.

Risk aversion rose over the recent days as Election Day approaches in the U.S. and the gap between Clinton and Trump in the polls has narrowed. During the period under review, both equities and bonds delivered negative returns, while credit spreads widened and energy commodities fell markedly.

The GAM Systematic Global Equity Market Neutral fund uses systematic strategies and proprietary trading systems to invest in global single-name equities. Designed to deliver returns uncorrelated with a long-only equity portfolio...

Fixed income markets have faced some pressures lately, as investors fret about less accommodative monetary conditions going forward. In addition, higher energy prices have fuelled bond yields, as both OPEC members and Russia...