GAM has decided to liquidate suspended unconstrained and absolute return bond funds with £5.6bn in AUM, on the back of high levels of redemption requests following the suspension of manager Tim Haywood.
Haywood, who is the business unit head for GAM's CHF 11bn (£8.5bn) AUM unconstrained/absolute return bond strategy (ARBF), was suspended on 31 July following an internal investigation into issues relating...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till