GAM has now completed the sale of the outstanding investments in the Absolute Return Bond Fund (ARBF) range that was suspended in August 2018, with roughly 100% of portfolio value being returned to investors.
Thanking clients for their patience throughout the liquidation process, which followed the exit of portfolio manager Tim Haywood in July 2018, new group chief executive David Jacob said the business was...
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow