Fund houses reportedly eyeing beleaguered rival Gam
Compliance issues that resulted in Tim Haywood’s exit hit reputation and flows
Compliance issues that resulted in Tim Haywood’s exit hit reputation and flows
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
Appetite still high despite underperformance and recent Gam fiasco
First payments due to be made next week
Closed unconstrained fund range was available to retail investors despite complex derivatives and currency swaps
The Swiss asset manager gated redemptions from the range last week
Unease comes as Gam freezes Tim Haywood’s absolute return bond fund
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.
Gam has suspended one of its investment directors after an internal investigation relating to risk management procedures, it announced today.