GAM loses CHF 21.5bn mandate
Hit to private labelling business comes after it suffered CHF 3.4bn of redemptions in Q4
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Hit to private labelling business comes after it suffered CHF 3.4bn of redemptions in Q4
As inflows return to its investment business for the first time in two years
As US election delivers Biden bounce
S&P 500 lost nearly 10% after the 2000 election before George W Bush was declared the victor
Luxembourg asset managers have reported a 31% spike in jobs since 2016
Swiss manager slashes personnel costs by a quarter as it axes over 100 jobs
It is the third year in a row they have been urged to reject executive pay
Only eight funds in the sector achieved a positive return during the worst period of the sell-off
Hundreds of job losses will bring costs down by €62m in 2020
‘Potentially material misstatement’ in accounts the latest blow for troubled fund house
Troubled Swiss fund group hires Blackrock veteran Peter Sanderson as CEO amid €12.3m loss for H1
Swiss asset manager has reportedly sold off final assets in €9.5bn ARBF range as it seeks to move on from torrid period