Global Asset Management has moved all of its Isle of Man administered funds, totalling several billi...
Global Asset Management has moved all of its Isle of Man administered funds, totalling several billion dollars, to join the rest of its fund stable in Dublin.
The move is part of a rationalisation and cost-cutting operation that will see dealing, registration and client services move to the new location, although some legal services will still be run from the island.
Sue Neal, international marketing manager at GAM, said: "We made the move because we have always had Dublin-based Ucits funds and we wanted to consolidate."
Previously, GAM ran all of its Ucits funds from Dublin and its other offshore funds from the Isle of Man.
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