GAM and Andrew Hutson part company

Andrew Hutson vacates his Hong Kong seat at the global fund of hedge funds manager.

Andrew Hutson has left his role at fund of hedge funds GAM in Hong Kong, AsianInvestor can reveal. He had worked there as an investment manager.

GAM has confirmed Hutson’s departure but declined to disclose the circumstances or provide any further clarification, such as replacement plans. We have tried to get in touch with Hutson himself, but at the time of publication, he had not responded.

However, we understand that Kier Boley, who is based in London, continues to be the key GAM guy for Asian hedge fund selection, and their boots on the ground in Hong Kong are being worn by Lucille Pang.

GAM was founded in 1983 by Gilbert De Botton (the father of broadcaster Alain De Botton). The firm was purchased by UBS AG in 1999, and later by Julius Baer Group in 2005. It is now independent. GAM's assets under management stood at SFr53.8 billion as at September 30, 2010, from SFr53.1 billion at the end of June 2010.

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