[ad_1]
LondonAccording to a press article, the Swiss fund company GAM has rejected an offer by the UK manager Schroders for the hedge fund sector. A partial sale of the attractive division would be out of the question for GAM, the Financial Times reported on Sunday, citing two people close to the issue.
This should make it difficult to sell any business. The Bloomberg news agency reported in October that GAM was conducting informal discussions with potential buyers for the company as a whole or for part of it.
GAM suspended at the end of July a fund manager known for violating internal policies. As a result, investors have withdrawn billions of investment funds. Subsequently, GAM sold the bond funds managed by the fund manager in question. In early August, Hugh Scott-Barrett, chairman of the board, said the company was evaluating all options to maximize the value of the company for its shareholders.
Source link
