K2 has been the investment manager since the fund’s inception in 2005 and has now entered into a management agreement with GAM to act as investment manager of the fund from 7 February 2023.
GAM is an active, independent global asset manager headquartered in Zurich with offices across 14 countries that collectively manages more than $100 billion in assets for institutions, financial advisers and private investors.
K2 said Mark Hawtin, investment director at GAM, will manage the fund “using a long-short approach to seek long-term growth opportunities across sectors whose business models are driven by new, disruptive technologies”.
GAM Australia managing director Alex Zaika said: “GAM is excited to partner with K2 Asset Management, which allows retail investors in Australia to access GAM’s long-short global equity capabilities for the first time.”
George Boubouras, executive director of K2, said: “We are pleased to be able to partner with a large, global and high-quality long/short manager with such a strong track record. Facilitating successful best-of-breed global managers into the local market ultimately benefits Australian investors.”
The transition will involve the fund changing its name to the Select International Alpha Fund.
