GAM has said it expects to return cash to investors in its suspended £5.6bn unconstrained/absolute return bond funds (ARBF) by early September, in an update on its liquidation plans following the suspension of manager Tim Haywood in July.
GAM added it had obtained the necessary approvals to liquidate the range while also outlining plans to launch a UCITS product for investors wishing to remain invested with the team. On 10 August,...
Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November