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Net Outflows Continue at Swiss Asset Manager GAM

(Reuters) GAM Holding AG continued to see clients withdraw money at the start of 2019, the embattled Swiss asset manager said on Wednesday, adding it expected to wrap up soon the liquidation of funds linked to a sacked senior money manager. Net outflows totalled 2.1 billion Swiss francs ($2.09 billion) in the first three months of the year, the Zurich-based company said, while total assets under management rose to 137.4 billion francs from 132.2 billion francs at the end of 2018.

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