GAM confirms Haywood investigation sparked by internal whistle-blower

CEO labels whistle-blower as 'brave'

Beth Brearley
clock • 4 min read

GAM has confirmed the investigation and suspension of investment director Tim Haywood, which has led to liquidation of its suspended £5.6bn unconstrained/absolute return bond Luxembourg funds (ARBF), resulted from concerns raised by an internal whistle-blower.

In an announcement released this morning, the group responded to media speculation which began last month, surrounding potential conduct issues involving investment director Haywood. It said the investigation, which was launched in November 2017, came following concerns raised by an internal whistle-blower, whose existence and identity it has since protected, and that it "fully intends to continue to provide all appropriate protections to the whistle-blower". "In November 2017, an internal investigation, supported by independent external counsel, was launched. In March 2018, the whist...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Four key questions to guide informed investment decisions

Four key questions to guide informed investment decisions

Does the story make sense?

Gabriel Sacks
clock 12 June 2025 • 4 min read
Neil Woodford to charge up to £70 a month to access portfolio platform

Neil Woodford to charge up to £70 a month to access portfolio platform

W4.0 launches

Cristian Angeloni
clock 06 June 2025 • 2 min read
FIF25: House of Lords member calls for stronger international economic cooperation

FIF25: House of Lords member calls for stronger international economic cooperation

Economics often a driver of geopolitical instability

Sorin Dojan
clock 04 June 2025 • 2 min read