GAM, a leading Swiss asset manager, recently announced the hiring of a new co-portfolio manager for its €629 million luxury brands fund. This is great news for the group, as they look to further grow their global presence and build on their portfolio of funds covering a variety of asset classes. With the new manager, GAM now possesses a wide range of skills and resources to help realize its ambitions.
1. GAM Hires New Co-PM for European Luxury Brands Fund
GAM Expanded Their Management Team with a New Co-PM for European Brands Fund
The investment house, GAM, recently announced the addition of the experienced David Bennett as co-PM for their European luxury brands fund. Seeking to bring a higher level of skills and insight to the fund management, GAM has positioned Bennett to be a huge asset in the diversification, growth, and sustainability of the luxury brand fund.
Bennett has over 15 years of experience in the European private equity and luxury retail industry. At Sarto, he held the position of Director of Acquisitions and served as the right-hand to the CEO. He was highly skilled in identifying, executing, and managing high-profile investments and was responsible for the successful roll-out of numerous digital campaigns.
As co-PM of the European luxury brands fund, Bennett will bring his expertise in consumer behaviour, benchmarking analytics, and marketing strategies to GAM. His wealth of knowledge and pragmatic perspective will lead to the fund’s success as he heads up an array of areas, including:
- Mentoring junior managers and junior analysts
- Developing a strategy and roadmap to identify trends and identify potential investments
- Providing reliable insight into the competitive landscape
- Building contacts with strategic decision makers
GAM is confident in Bennett’s proven record and anticipates that he will become an essential part of the fund’s success. By hiring David Bennett, GAM is advancing towards their goal of being a trusted source in the European luxury industry.
2. Investing in the Future of Luxury Goods
Luxury goods are a way for people to express themselves and show off their wealth. Investing in luxury goods is a way that savvy investors can make a sizable yield over the long-term.
For those looking to invest, it is important to take into account the provenance and reputation of the individual goods. High-end vintage goods may apportion a good return over time, while contemporary goods can provide a hedge against inflation. Additionally, understanding the fundamentals behind the industry and current trends can help informed decisions to be made when selecting luxury items for investment. Here are some key factors when considering investing in luxury goods:
- Brand: Look into the brand history and track its success for a measure of its long-term prospects.
- Condition: Obviously, condition is key to value. From vintage pieces to contemporary offerings, analyzing the condition of goods prior to purchase is essential.
- Knowledge: Have knowledge of the market and conditions in which luxury goods operate. Understand the pricing structures, potential sales channels and usual margins.
Investing in luxury goods is a legitimate way to create a portfolio of assets that will yield returns over time. This is particularly true for vintage pieces, where the number of goods available is finite and the right circumstances can lead to significant gains.
3. A Look into GAM’s €629m Luxury Brands Fund
The Global Asset Management LLP’s (GAM) €629m Luxury Brands Fund is an ambitious investment fund that boasts a solid base of assets, spanning everything from precious metals to top-tier luxury products. This portfolio diversification allows investors to be protected against market downturns while simultaneously having the potential to score big gains from using the luxury markets.
The luxury companies chosen for the fund are a who’s who of top brands, ranging from jewelry like Cartier and Bulgari, to handbags from Judith Leiber, to timepieces from URWERK and Roger Dubuis. With holdings in some of the top names in luxury goods, investors in the fund can expect significant returns as the market continues to grow and broaden.
- Precious metals such as gold and silver
- Luxury products from brands like Cartier, Bulgari, Judith Leiber, URWERK, and Roger Dubuis
- Protection from market downturns
Having appointed a co-PM for their Luxury Brands Fund, GAM is set to step up their game to make their Luxury Brands Fund even more successful. With this new team and experience behind them, the fund is sure to be taken to the next level and make GAM one of the most respected fund managers in Europe.
