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Ex-Credit Suisse research head and GAM manager launch boutique

Ex-Credit Suisse research head and GAM manager launch boutique

Former GAM energy fund manager Evelyne Pflugi has started her own investment advisory, Citywire Switzerland's sister website Citywire Selector has learned.

Zurich-based boutique The Singularity Advisors was formed in October last year along with co-founders Loris Centola, who was previously global head of private banking research at Credit Suisse, and Tobias Reichmuth, CEO and founder of sustainable investment adviser SUSI Partners.

The new company focuses on 12 innovative market sectors, including 3D printing, artificial intelligence, bioinformatics and blockchain - all innovations which lead to the Singularity.

The firm launched the Nasdaq Singularity Index in December last year and more investment vehicles are expected to follow. 

Pflugi set out on her own after leaving Zurich-based GAM in the course of the second quarter of 2017.

She used to manage the GAM Multistock Energy Equity fund with Roberto Cominotto, who also left the firm. It is understood he is currently working at Julius Baer in the equity research.

In the wake of their departure, the energy strategy was merged into the GAM Multistock Europe Focus Equity, which is managed by Citywire A-rated Niall Gallagher.

The fund manager has also recently absorbed his own GAM Multistock Small & Mid Cap equity fund that he had overseen with Guido Marveggio who is no longer with the firm.

Commenting on the mergers, a GAM spokesperson said it was a result of streamlining the firm’s product offering.

‘This is a constant process at GAM where we aim to focus on those strategies that offer significant growth opportunities aligning our offering with current and future client demand,’ he added. 

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