GAM, an independent investment management firm, and Barclays Capital, the investment banking division of Barclays Bank PLC, have received approval from the Irish regulator to launch the GAM Star Barclays Dynamic Multi-Index Allocation Fund. This fund of quantitative indices is a UCITS IV vehicle. As such, it will be passported into various European jurisdictions, subject to the approval of the respective host state regulators.

The fund aims to deliver consistent, non-correlated returns in any market environment by using an actively managed multi-strategy and multi-asset investments. In addition, it offers daily liquidity, high transparency and a lower total expense ratio than those typically associated with the traditional fund of hedge funds approach.

“The alternatives market has evolved as clients seek to access alternative strategies in a liquid format,” said Craig Wallis, Global Head of Institutional and Fund Distribution at GAM. “The GAM Star Barclays Dynamic Multi-Index Allocation Fund partners GAM’s experience in active and discretionary management with Barclays Capital’s extensive development of indices to meet this client demand. We are delighted to be working with Barclays Capital on a product that seeks to deliver alpha in a highly liquid, regulated and transparent way.”

The fund is managed using active, discretionary allocations across the range of Barclays Capital’s indices. This approach is to enable GAM to invest in Barclays Capital indices across different asset classes to reflect changing market dynamics.