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...
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