George Soros builds 3% stake in troubled GAM
Shares up 15% on Friday
Soros is not the first investor to snap up a significant stake in GAM
Billionaire investor George Soros has built up a 3% stake in GAM Holding, sending shares in the troubled Swiss asset manager up 15% to a near six-month high.
The stake, reported through a filing to the Swiss stock exchange on Friday, was bought by SFM UK Management LLP, a subsidiary of Soros Fund Management. Soros is not the first investor to snap up a significant...
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