- Advertisement -

Related

GAM Suspends a Top Fund Manager

- Advertisement -

GAM Holding GMHLY -4.21% AG said it had suspended a top fund manager after an internal probe found flaws in his risk-management and record-keeping procedures. That sent shares of the Swiss money-management firm down 13% as it warned it could lead to investors pulling money out.

Hedge-fund manager Tim Haywood was suspended following the probe, GAM said Tuesday. Mr. Haywood is business unit head for GAM’s unconstrained/absolute return bond strategy, which had total assets across its portfolios of 11 billion Swiss francs ($11.1 billion) at the end of June.

Hedge-fund manager Tim Haywood was suspended following the probe, GAM said Tuesday. Mr. Haywood is business unit head for GAM’s unconstrained/absolute return bond strategy, which had total assets across its portfolios of 11 billion Swiss francs ($11.1 billion) at the end of June.

said it had suspended a top fund manager after an internal probe found flaws in his risk-management and record-keeping procedures. That sent shares of the Swiss money-management firm down 13% as it warned it could lead to investors pulling money out. Hedge-fund manager Tim […]

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Syndicated News
Syndicated News
Posts in this category or typically curated, or syndicated from other suppliers that are usually not affiliated to HedgNordic. These could be other financial media, blogs or other online publications. Posts in this category are typically generated and published automatically.

Latest Articles

Asset Adviser Appoints Frank Sørensen as Senior Strategist

Danish boutique asset manager Asset Adviser has appointed Frank Sørensen as Senior Strategist, less than a year after Stonehenge Fondsmæglerselskab, the Danish asset manager...

Elo’s Hedge Funds Stand Out in Strong First Half

Finland’s pension investors are entering a new phase as regulatory changes allow them to increase their equity exposure and raise long-term return expectations. For...

Agmentum Maritime Adds to Portfolio Management Team

Agmentum Capital, the asset manager behind the shipping-focused equity long/short hedge fund Agmentum Maritime, has strengthened its portfolio management team with the appointment of...

Coeli Winds Down Energy Opportunities as Etzler and Kalvoy Move on to New Opportunity

After more than seven years at Coeli, energy-focused portfolio managers Joel Etzler and Vidar Kalvoy are leaving the Stockholm-based boutique for what they describe...

Danske Strengthens Quant & Overlay Team with Goldman Sachs Hire

Danske Bank Asset Management has strengthened its Quant & Overlay team with the appointment of Jonas Bovbjerg as portfolio manager, following an 11-year career...

Whipsaws and Trend Reversals Challenge Nordic CTAs in July

July proved a challenging month for trend-following strategies, as a series of abrupt reversals across financial markets disrupted established trends. CTA managers faced losses...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -