GAM portfolio managers back ‘highly credible’ Liontrust takeover
In a letter to the Swiss asset manager’s board
In a letter to the Swiss asset manager’s board
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Contradictory indicators are creating a complex picture
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NewGAMe and Bruellan formally challenged Liontrust’s proposed takeover last week
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NewGAMe SA and Bruellan have formally challenged the Swiss Takeover Board’s decision
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The proposed takeover will create a business with £53bn AUMA
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NewGAMe SA and wealth manager Bruellan have acquired 7.5% of GAM
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‘Now is the time for investors to be flexible and pragmatic’
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GAM expects acquisition talks to come to a ‘successful conclusion’ by 4 May
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Deal would create a business with around £100bn of assets under management
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Rising rates remain the chief impediment to investors being able to engage meaningfully in risk assets
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UK equities are proving more resilient than other world markets
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Headcount is down 11% in a year, but net losses ratcheted up ten-fold
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