GAM Investments, part of thee global independent asset management group, has won a new institutional mandate for insurance-linked securities (ILS) in Australia and added a new senior leader to its institutional business there.
GAM has been experiencing some success with alternative investments in the Australian institutional market, with its GAM Systematic alternative risk premia and insurance-linked securities (ILS) offerings seen as strategies that have experienced positive net flows from investors in recent years.
GAM offers a number of insurance-linked securities (ILS) and catastrophe bond funds, with specialist catastrophe bond and reinsurance linked investment manager Fermat Capital Management acting as the investment manager to the strategies.
This morning the investment manager said that it has won a new insurance-linked securities mandate from a prestigious Australian institution, expanding its work in the region with investors that are looking to tap into reinsurance market returns.
Australian superannuation and pension funds are the largest investors in reinsurance linked strategies, including catastrophe bonds, in Australia, with some having invested in ILS for well over a decade.
Australia is a location where further growth in ILS uptake among large institutional investors is expected, especially given the huge asset pools a number of the superannuations command.
GAM Investments also announced the hiring of Sophie McFadyen as Senior Manager – Institutional Business today.
McFadyen joins from Blackrock and will be based in Sydney, repeorting to Alex Zaika, Head of Australia.
Alex Zaika, Head of Australia, commented, “We are delighted to welcome Sophie, who will further support GAM’s growth in Australia and New Zealand with our differentiated investment solutions. She is highly regarded in the industry and I’m excited to be working with her again.”
McFadyen will be responsible for growing and servicing the institutional market in Australia, where the alternative risk premia strategies including insurance-linked securities (ILS) are a key offering.