Hawkish Fed remains in flight as US CPI keeps falling
‘Inflation still isn’t fully handled, and it’s easy for markets to get carried away’ warns one analyst
Gam
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Gam sharpens focus on Asia equities
Investment director Jian Shi Cortesi will lead a revamped team and take charge of two more funds
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Gam makes senior hire from Neuberger Berman
Goro Takahashi joins the firm’s Japanese equities team
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Brewin hires wealth director from Gam Investments
Joss Mitchell brings 35 years’ industry experience having previously worked at Kleinwort Hambros, Citi and HSBC
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Gam on track for at least CHF 20m in cost savings this year
Swiss asset manager currently has seven funds in liquidation
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Gemma Godfrey and Jane Millar join Kingswood board
The pair have been appointed as non-executive directors
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Gam shares perk up despite revealing 20% drop in assets
As group CFO Richard McNamara announced his departure
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Gam issues profit warning as it reveals £14.3bn AUM drop
It expects to report a net loss of £237m for H1
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Anti-fixed income fervour adds to Gam’s AUM woes
As Quilter results reflect dampened investor appetite following the invasion of Ukraine
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Gam loses £8.6bn from fund management services mandate
Follows shortly after Swiss manager is hit with a £9m fine over the Tim Haywood scandal
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FCA fines Gam £9m for conflicts of interest involving Greensill
Sacked bond manager Tim Haywood received £22k worth of gifts and entertainment from Lex Greensill
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Double departure sees Gam multi asset and discretionary bosses exit
As the asset manager picks BlueBay AM alum for global head of investment role