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GAM NORTH AMERICAN GROWTH - Manager

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Average monthly relative returns

Bestinvest MRI

07/08 08/09 09/10 10/11 11/12   3 years 5 years Career 3 years 5 years Career
-0.30% 2.49% -0.58% -0.17% -0.10%   -0.28% 0.27% 0.31% 38.7% 86.4% 98.0%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Gordon Grender


Manager. Gordon Grender is the Investment Adviser to GAMerica, GAM North America Growth, GAMerica Capital and GAM Star America. He has been associated with GAM since 1983 and is a Director of GAM International Management Ltd. Mr Grender has been actively involved in fund management in North American stockmarkets since 1974. Between 1964 and 1990 he was with London stockbrokers Kitcat & Aitken.

Track record


Gordon Grender has 27.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.31%.
During the worst period of relative performance (from April 1994 - March 1999) there was a decline of 38% relative to the index. The worst absolute loss has been 37%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 98%.

Other funds managed

  Start Date
GAM NORTH AMERICAN GROWTH Jan 1985
Periods of worst performance
Absolute -37% (August 1987 - October 1987)
Relative -38% (April 1994 - March 1999)

Sector record since February 1985 (27 yrs)


Relative Performance in NORTH AMERICA


Discrete Monthly Returns - 49% Up Months

About the MRI


Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level. Read more about our approach

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

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