GAM knocks back Schroders' attempt to buy hedge fund unit - reports
Acquisition could hurt overall sale potential
GAM chief executive Alexander Friedman
Embattled Swiss asset manager GAM has declined an approach from Schroders to acquire its Systematic division that is home to the Cantab quantitative hedge fund.
According to Financal Times, Schroders approached the Swiss asset manager with an interest in its hedge fund business, but the firm rebuffed the purchase attempt due to concerns that selling one of its...
More on Bonds
Back to Top
