GAM Star Private Equity LiquidRep Ordinary USD Acc

The investment objective of the Fund is to achieve long term capital appreciation comparable to public equities with lower downside volatility, by emulating certain investment themes of traditional US private equity (PE) funds focused on leveraged buyouts. The Fund seeks to achieve this objective through (i) a US Equity portfolio component comprised of US listed companies with company characteristics similar to those selected by PE including but not limited to factors such as profitability, cash flow, value, beta; and (ii) a hedge portfolio component comprised of financial derivatives with the goal of limiting the downside volatility of the US equity portfolio component.