GAM completes sale of final ARBF assets
Proceeds being returned to investors
The turnaround comes a year after Tim Haywood's expulsion
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...
More News
Update: Woodford Equity Income 'on track' for December reopening
December 'remains achievable'
Artemis US equities head Weldon: Facebook break-up would boost value
Able to monetise its assets
Investors pull $12.2bn from hedge funds in June
BarclayHedge data
Deutsche staff and prime brokerage unit to transfer to BNP Paribas - reports
Formal agreement set to be announced soon
Multi-managers flee alternative funds in Q2 2019
Cash holdings continue to grow
Back to Top