Lead Manager Denise Prime Exits GAM, Paul McNamara Takes Over Fund
Denise Prime, a long-time lead manager at GAM, has announced her early retirement from the firm after a successful 13-year career. GAM expressed gratitude for her exceptional contributions to both the team and the company. Prime played a crucial role as the lead manager for the GAM Star Emerging Market Rates fund, which is valued at $80.7 million.
Following Prime’s departure, Paul McNamara will take over the fund. McNamara has been co-managing the fund alongside Prime since 2010, making him well-equipped to assume full responsibility. In addition, he will be joined by Michael Biggs and Markus Heider as co-managers on September 1st. Biggs and Heider will also manage portfolios for EM rates, local emerging bond, and sustainable local emerging bond investment strategies.
McNamara expressed his appreciation for Prime’s dedication and wished her a well-deserved and happy retirement. He also emphasized the incredible talent within his team and GAM, naming Michael and Markus as co-managers. McNamara believes this talented pool of individuals will successfully manage EM Fixed Income investments for their clients.
The transition comes amidst speculation surrounding GAM’s management credibility, as Liontrust failed to acquire the company. However, GAM remains committed to providing high-quality services to its clients and is confident in the expertise and experience of its team.
In conclusion, GAM bids farewell to lead manager Denise Prime as she embarks on her retirement after a successful 13-year tenure. Paul McNamara steps up to take over the GAM Star Emerging Market Rates fund, while Michael Biggs and Markus Heider assume co-manager roles. With a focus on maintaining excellent service and drawing from the remarkable talent pool within the firm, GAM remains steadfast in its commitment to delivering on its clients’ investment needs.
