Select International Alpha Fund
The board of K2 Asset Management Ltd (K2) announced on 9 January 2023 the partnering with GAM Investments to take on the role of investment manager of the K2 Select International Absolute Return Fund.
Since its inception in 2005, K2 have acted as the investment manager and have now entered into a management agreement with GAM International Management Ltd (GAM) appointing GAM to act as investment manager of the Fund from 7 February 2023.
With 35+ years’ experience, GAM invests client capital using active strategies across discretionary, systematic and specialist solutions. Lead by Mark Hawtin, Investment Director, GAM remains focused on superior investment returns, a differentiated product offering, global distribution strength and operating efficiency seeking to deliver sustainable growth for all stakeholders.
GAM are headquartered in Zurich and have offices across 14 countries, collectively managing more than AUD100bn in assets for institutions, financial advisors and private investors.
Managing Director of GAM Australia, Alex Zaika said “GAM is excited to partner with K2 Asset Management which will allow retail investors in Australia to access GAM’s long short global equity capabilities for the first time”.
There are significant synergies between the global long/short absolute return investment philosophies of both GAM and K2 and we are excited to provide investors access to such a high calibre international team.
Under the new management agreement, the Fund will initially invest directly into the GAM Star Alpha Technology Fund which has performed strongly since its inception. The transition will also involve the Fund changing its name to the Select International Alpha Fund.
The change will take effect on 7 February 2023 in accordance with the 30 day notice period requirement. An amended product disclosure statement (PDS) is available highlighting the new investment strategy and adjusted fees which reflect the change of structure and roles of the Responsible Entity and the Investment Manager.
It is important that all unitholders read the new PDS in full, the PDS can be downloaded at www.k2am.com.au.
George Boubouras, Executive Director of K2 said “we are pleased to be able to partner with a large global and high quality long / short manager with such a strong track record. Facilitating successful best-of-breed global managers into the local market ultimately benefits Australian investors”.
If you would like to receive the Target Market Determination (TMD) for this Fund please contact us at invest@k2am.com.au