Gam bombshell suggests absolute return confusion remains
Closed unconstrained fund range was available to retail investors despite complex derivatives and currency swaps
Closed unconstrained fund range was available to retail investors despite complex derivatives and currency swaps
‘We believe that this decision underscores our commitment to treating all clients equally and fairly’
The 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.
RSM added to its private client offering with a hire from Barclays Wealth, Pennington Manches appointed its youngest of 105 partners, Zedra appointed two executive directors in Hong Kong and GAM named Andrew Green’s successors.
Goldman Sachs and Manulife have both made significant hires in Asia, while Standard Chartered has appointed a fresh private banking Emea head.
Donald Trump’s administration has presented more opportunities than problems for emerging market equity managers, argues GAM’s Tim Love.
Manulife Hong Kong has a new chief financial officer, while Sanlam UK has raided Close Brothers Asset Management to find a chief executive for its new private office proposition. GAM has poached its new representative director and president for Japan from Schroder Investment Management.
Old Mutual Wealth’s Intrinsic has lured its new group managing director from Sesame Bankhall Group, which has prompted a management reshuffle at the financial services distributer. GAM has raided Henderson to fill its newly created head of equities role.
The dollar surged this morning on the back of only the second Fed rate rise since the 2008 financial crisis.
How will new mutual fund regulation in the UAE impact on portfolio bonds and unit-linked funds?
GAM, the acquisitive Swiss asset manager, has made another move. It announced today it bought the UK-based multi-strategy systematic manager Cantab Capital Partners for $217m (€195m).