GAM to close five funds leaving 16 jobs at risk

Closing funds represent €258m in assets

clock • 1 min read
Co-manager of three of the closed funds Gianmarco Mondani has already announced his departure
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Co-manager of three of the closed funds Gianmarco Mondani has already announced his departure

Investment manager GAM, headquartered in Zurich, has announced it will be closing five funds managing a total of €258m in assets.

The funds that will close include GAM Star (Lux) European Alpha, GAM Absolute Return Europe Equity, GAM Star (Lux) European Momentum, GAM Star (Lux) Global Alpha, and GAM Star (Lux) Convertible Alpha. GAM boosts disruptive growth team with double appointment In a statement, the firm said that it expected to complete an "orderly closure" and return all the money in the funds to clients in a few weeks. Gianmarco Mondani, co-manager of three of the closing funds and head of the non-directional equity team in Lugano, is leaving the firm. GAM has said that it is likely around 16 empl...

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