Gam

NewGAMe wants to revoke GAM's current board and 'elect a new one with a clear plan to turnaround the business'

Exclusive talks with Carne Group come as senior GAM fund managers throw support behind Liontrust takeover

John Ions said its purchase of Swiss asset manager GAM was not about 'bringing two things together and taking out costs'

Deal creates global asset manager overseeing £53bn

GAM's share price jumped by more than 25% following news of Liontrust's interest

Swiss manager makes new hire as eyes turn to lucrative region

The founder of Cantab Capital Partners, which was acquired by GAM in 2016, is leaving the asset manager at the end of the month

Firm anticipates an orderly fund liquidation and return of client assets

The unnamed client, with GAM for more than 15 years, is to transition the mandate from its private labelling business to another provider in the second half of 2021

The expected net loss comes as GAM said the final three months of 2020 saw its investment management business post net inflows, the first positive flows since the beginning of 2018

Banks need people to help them cut the carbon emitted by their customers; that hiring effort has now begun

The asset management firm said its cost cutting programme is on track

The non-cash charge relates to goodwill created by the acquisition of GAM by Julius Baer and UBS

Institutional Shareholder Services and Pensions & Investment Research Consultants have advised GAM investors to reject the asset manager's remuneration report at its AGM on 30 April

The cost cutting comes as assets under management dropped by more than 15% during the first three months of 2020