GAM suspends dealing on Haywood's ARBF funds after 'high level' of redemptions

Outflows would cause "disproportional shift" in portfolios

Laura Dew
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Tim Haywood of GAM
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Tim Haywood of GAM

GAM has suspended trading in its unconstrained and absolute return bond funds (ARBF) as a result of the high level of redemption requests following the suspension of manager Tim Haywood earlier this week.

Haywood was suspended by GAM on 31 July following an internal investigation into issues relating to his risk management procedures and record keeping. In a statement, GAM stressed that the investigation...

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