GAM names ex-Artemis manager Gosden to launch new fund
GAM, the Zurich-based, Swiss SIX Exchange-listed Swiss asset manager, has announced that it’s hired ex-Artemis co-fund manager Adrian Gosden to head up a new UK equity income fund it plans to launch later this year.
Gosden will be based in London and will work closely with GAM’s existing UK and pan-European equity teams, the asset manager said in a statement.
Gosden, pictured above, whose title will be investment director, left Artemis in June 2016, where he co-managed the Artemis Income and Artemis High Income funds, as well as income mandates, totalling about £10bn, and had been a partner in the business. He had been at Artemis for more than 13 years.
Prior to joining Artemis in 2003, he managed a number of accounts for institutional clients, and co-managed the retail SocGen UK Income fund, GAM said. He had joined Societe Generale Asset Management in 1999 after working for Fleming Investment Management and Andersen Consulting.
GAM was founded in 1983 by Gilbert de Botton, and became a part of UBS in 1999, until it was acquired by Julius Baer in 2005, and was subsequently spun off and listed.
Helped by a number of acquisitions GAM has become Switzerland’s largest listed fund manager by assets, and is best known for its hedge funds and absolute return products. It had been struggling recently with a falling share price and outflows, but posted promising half-year results in August, when it said assets under management grew by 9% compared with the end of December, and underlying pre-tax profit in the six months to the end of June was 37% ahead of the same period a year earlier.