GAM is a relative newcomer to the group of the 100 largest hedge funds in the world. The London-based alternative investment firm has grown its assets significantly since its 2010 induction to the ranking, gaining nearly $5 billion between 2013 and 2014, though firmwide capital dropped from $24.9 billion to $22.3 billion between 2014 and 2015. GAM is primarily known for its significant fund-of-funds business, headed by CIO of GAM's Alternative Investments Solutions, David Smith. The fund-of-funds business ranges in strategy from distressed to emerging markets and multiarbitrage, among others, the most successful of which is…