US -. The South Carolina Retirement System has appointed GAM to manage a US$750m mandate for allocation into GAM's diversity strategy.
GAM said the diversity strategy was a globally diversified, multi-strategy fund of hedge funds that aimed to provide investors with access to multiple sources of absolute return.
Joe Gieger, managing director, Americas, at GAM said: “GAM is delighted to have South Carolina as a client. We look forward to providing South Carolina with exceptional service and aim to help it meet its absolute return objectives as part of its portable alpha program.”
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