GAM to Liquidate Absolute Return Bond Funds

Posted on 08/13/2018

GAM Holding AG, a Swiss money management firm, revealed plans to liquidate more than US$ 7 billion in bond funds. GAM has been receiving a high level of redemption requests. Earlier, GAM suspended its division leader of the funds, Tim Haywood and blocked client redemptions. Haywood was GAM’s head of its unconstrained/absolute return bond unit. […]