Fact sheet: GAM Star (Lux) Fins Alpha

Fund information
Fund name
GAM Star (Lux) Financials Alpha EUR
Fund manager company
GAM Star (Lux)
Fund type
Offshore Fund
Fund managers
  • Davide Marchesinsince 05/05/2010
  • Domenico Vincisince 30/04/2014
Fund objective
Aims to generate consistent absolute returns through investing long and short in a portfolio of financial equities.
Benchmark
  • MSCI World Financials
Investment style
Long/Short
Investment method
Equity
Quick stats
1 Year return
-5.3%
1 Year rank in sector
75/109
Sector
FO Hedge/Stru Prod - Equity
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
2.46%
Fund size
£73m (£43m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
73
Top in this sector
Fund name1 Year
MontLake ToscaMiCaUCITS25.9%
Majedie Tortoise24.8%
DNB ECO Abs Rt21.3%
Income Partners AllSeasnAsCred19.3%
Ennismore Eurpn Smallar Cos15.5%
...more in FO Hedge/Stru Prod - Equity

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%-1.3%-2.8%-5.3%2.9%12.7%
Sector-0.1%0%0.4%-2.7%3%14%
Rank within sector66 / 11277 / 12794 / 12075 / 10941 / 7232 / 49
Quartile3rd3rd4th3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-6%6.9%0%8.1%4.3%
Sector-2.2%2.7%2.5%7.1%3.9%
Rank within sector78 / 11028 / 9454 / 7442 / 6634 / 51
Quartile3rd2nd3rd3rd3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
0.47
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.52
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
5.27
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
5.24
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.04
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.1
Price movement
52 week high119.19
52 week low111.44
Current bid price-
Current offer price-
Current mid price111.86
Region
1USA4.93%
2Spain4.33%
3Ireland3.05%
4UK2.75%
5Romania2.72%
6Mexico2.43%
7Italy2.41%
8Denmark1.89%
9France1.26%
Industry sector
1Others12.02%
2Banks5.77%
3Insurance3.45%
4Financials-7.36%
Asset type
No data available.
Individual holdings
1MGIC INVESTMENT CORP4.1%
2AMERICAN FINANCIAL GROUP INC OHIO3.8%
3SLM CORP3.8%
4DIRECT LINE INSURANCE GROUP PLC3.3%
5AFLAC INC3.2%
6HANOVER INSURANCE GROUP INC3.2%
7CAIRN HOMES PLC3%
8NEXITY2.8%
9ABERDEEN ASSE ORD GBP0.102.7%
Management
Fund manager group
No data available.
Fund manager company
GAM Star (Lux)
Fund type
Offshore Fund
Fund objective
Aims to generate consistent absolute returns through investing long and short in a portfolio of financial equities.
Benchmark
  • MSCI World Financials
Investment style
Long/Short
Investment method
Equity
Fund managers
NameSinceBiography
Davide Marchesin05/05/2010Davide Marchesin is a Fund Manager in the non-directional equity team, and co-manages a global financials long/short equity fund. Mr Marchesin joined GAM following its acquisition of the equity hedge specialist, GAM Investment Management Lugano SA (formerly Arkos Capital SA), in July 2012. Prior to joining Arkos in August 2008, he was at MainFirst Bank in London where he worked as an institutional stockbroker on European equities. Prior to this, Mr Marchesin was a co-portfolio manager at RAS Asset Management SGR, Italy (a wholly owned subsidiary of Allianz), and before that, he was a buy-side analyst for European financials at Arca Fondi SGR, Italy. Mr Marchesin holds a BA (cum laude) in Economics from Università Cattolica del Sacro Cuore, Italy, the Italian Financial Advisor designation, and is a CFA charterholder. He is based in Lugano, Switzerland.
Domenico Vinci30/04/2014Domenico Vinci is an Investment Manager in the non-directional equity team and co-manages the global financials long/short equity fund. Prior to joining GAM in May 2014, Mr Vinci was an analyst and junior portfolio manager at Carthesio SA, and prior to that, was an equity analyst at Goldman Sachs International. He began his career at KPMG Consulting as an analyst. Mr Vinci holds a Doctorate in Banking and Finance from the University La Sapienza of Rome, an MSc in Banking and International Finance from CASS Business School, London, and a BSc in Economics and Business Administration from The University LUISS of Rome. He is based in Lugano, Switzerland.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Germany, Spain, Finland, United Kingdom, Italy, Luxembourg, Norway, Offshore, Sweden
GAM Star (Lux) Financials Alpha C USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.46%
Total expense ratio (TER)2.42%
Bid price-
Offer price-
Mid price102.76
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMU1N
GAM Star (Lux) Financials Alpha CHF
Initial charge3%
Annual charge2%
Min single investment£13,000
Min regular saving£6,500
Available in ISANo
Ongoing charge (OCF)2.46%
Total expense ratio (TER)2.42%
Bid price-
Offer price-
Mid price107.89
CurrencyCHF
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG51C
GAM Star (Lux) Financials Alpha D CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.46%
Total expense ratio (TER)1.67%
Bid price-
Offer price-
Mid price98.25
CurrencyCHF
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMU1O
GAM Star (Lux) Financials Alpha D EUR
Initial charge3%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.46%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.49
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMU1P
GAM Star (Lux) Financials Alpha D USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.46%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.19
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMU1Q
GAM Star (Lux) Financials Alpha EUR
Initial charge3%
Annual charge2%
Min single investment£10,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.46%
Total expense ratio (TER)2.42%
Bid price-
Offer price-
Mid price111.86
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ1M8
GAM Star (Lux) Financials Alpha I CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.46%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.02
CurrencyCHF
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMU1R
GAM Star (Lux) Financials Alpha I EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.46%
Total expense ratio (TER)1.67%
Bid price-
Offer price-
Mid price101.64
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMU1S
Data provided by

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