GAM to acquire Augustus Asset Managers

GAM is to acquire London-based fixed income and foreign exchange investment company Augustus Asset M...

GAM is to acquire London-based fixed income and foreign exchange investment company Augustus Asset Managers. The deal, for an undisclosed sum, is expected to occur at the end of April 2009, subject to regulatory approvals. Augustus was formerly known as Julius Baer Investments, but was rebranded in 2007 following its management buy-out from Julius Baer Holding. This was done to enable the business to develop as an independent asset manager, while continuing to service Julius Baer branded funds, its largest clients. GAM is also a wholly-owned subsidiary of the holding company, and al...