GAM, the multi-manager division of UBS Global Asset Management, has capped three of its multi-manage...
GAM, the multi-manager division of UBS Global Asset Management, has capped three of its multi-manager funds because of exceptional inflows recently. The funds affected are GAM Multi-Pacific (dollar and euro classes), GAM Multi-Europe II (dollar and euro classes) and GAM Emerging Markets Multi-Fund. These funds have attracted substantial inflows over recent months and, consequently, are being capped in line with GAM"s strategy of protecting the interests of existing investors, according to the company. The funds closed to subscriptions at the end of February. GAM Multi-Pacific had taken...
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