Five main GAM shareholders suffer losses of $840m
Fallout from Haywood suspension
Tim Haywood was suspended by GAM last July
The five main GAM shareholders have seen losses of nearly CHF835m ($840m) due to the asset manager's share price nosediving on the back of a tumultuous year.
The Zurich-listed group's shares have plummeted 80% since reaching a high of nearly CHF18 early last year, predominantly in the fallout from bond manager Tim Haywood's suspension in July following an internal...
