(WSJ) GAM, the beleaguered Swiss investment manager, bled a fifth of assets from its range of funds in the three months to the end of September as its controversial decision to erect a redemption gate in a popular bond strategy failed to stem outflows from other products. The group’s shares tumbled 15.5 per cent in early trading to a new all-time low.
GAM Bleeds 20% of Assets After Fund Manager’s Suspension
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