Fermat distribution partner GAM to be acquired by Liontrust
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Fermat distribution partner GAM to be acquired by Liontrust

Fiona Robertson
04 May 2023
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UK fund manager Liontrust has agreed to buy GAM Holding, a key distribution partner of cat bond specialist Fermat Capital.

GAM’s investment management division has assets under management and administration (AuMA) of CHF23.3bn (£20.9bn) and the firm sells several cat bond strategies managed by Fermat, including the GAM Star cat bond fund, with more than $2.8bn

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NewsM&AFermat Capital Management
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Fiona Robertson
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