(Financial Times) Schroders has approached embattled Swiss investment group GAM over a potential acquisition of its Systematic division that houses the Cantab quantitative hedge fund. However, GAM has rebuffed the approach, concerned that selling one of its prized assets would make an overall sale more difficult, according to two people familiar with the matter. Both London-listed Schroders and GAM declined to comment:
GAM Rebuffs Schroders Approach For Hedge Fund Unit
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