‘Tarred’ Gam boss exits after absolute return fund saga
Institutional client base set to welcome change in leadership
Institutional client base set to welcome change in leadership
Significant outflows across asset classes have followed liquidation of Swiss group’s absolute return fund range
European fund buyers are turning away from hedge funds amid concerns about developed market bond yields
Troubled Swiss asset manager in early-stage negotiations with potential buyers, according to Citi analyst
Swiss asset manager says hire will improve relationships with trading counterparties
CEO Alexander Friedman says group will protect employee who blew the lid off star manager’s conduct issues
Two funds in the nine-strong range will have returned 82% of assets
Unconstrained fund range was available to retail investors despite inclusion of complex derivatives and currency swaps
The Swiss asset manager suspended redemptions last week after it emerged manager Tim Haywood had been suspended
Swiss fund group has been criticised for its “panicky” handling of lead bond manager Tim Haywood’s suspension.
Gam Investments has halted new money coming into and out of its unconstrained absolute return bond funds (ARBF) following manager Tim Haywood’s suspension.
Swiss asset manager reportedly concerned that Tim Haywood may have made large investments in illiquid debt securities without the required due diligence and risk control reports.