GAM

Acquisition of Cantab completed, new quantitative strategies launching under GAM Systematic name

GAM Holding AG / GAM: Acquisition of Cantab completed, new quantitative strategies launching under GAM Systematic name . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.

GAM: Acquisition of Cantab completed, new quantitative strategies launching under GAM Systematic name

• Acquisition of Cantab Capital Partners LLP ("Cantab") closed on 3 October 2016 following regulatory approval
   
• Cantab forms the cornerstone of newly created GAM Systematic platform
   
• First product development milestone will be achieved with the launch of two new UCITS strategies under the GAM Systematic name

GAM has completed the acquisition of Cantab Capital Partners LLP ("Cantab"), which was first announced on 29 June 2016. Cantab, an industry-leading, multi-strategy systematic manager based in Cambridge, UK, manages USD 4.1 billion in assets for institutional clients worldwide (as at 1 October 2016).

The acquisition is expected to be accretive to GAM's underlying earnings per share in the first full year of ownership. It will expand and diversify GAM's active investment capabilities into systematic investing - a segment with growing investor demand, where returns show low correlation to traditional asset classes.

Systematic strategies use complex computer algorithms to make investment decisions and manage risk based on a wide range of information including technical and trading analytics, as well as fundamental and macroeconomic data.

Cantab, founded in 2006 by Dr Ewan Kirk, employs 55 people, all of whom will continue to work out of Cambridge post the transaction close. The firm's investment philosophy and processes will remain intact and be driven by Cantab's investment team.  Cantab is renowned for its rigorous scientific research and multi-strategy approach to systematic investment. The firm's state-of-the-art infrastructure and proprietary technology allow Cantab to run a suite of models across more than 150 macro markets and a universe of over 2,500 equities. The strength of the firm's systems and data analytics is bolstered by best-of-breed trading and execution systems.