(Reuters) Cost-cutting proposals from activist investor Rudolf Bohli could endanger Swiss asset manager GAM Holding’s future, Chief Executive Alexander Friedman said in an interview published on Saturday. Bohli is not interested in a sustainable turnaround of the business, Friedman told Swiss newspaper Finanz und Wirtschaft.
“Bohli with his hedge fund is only interested in a short term increase in the share price,” said Friedman. “He is not interested in facts and a sustainable turnaround, he follows his own agenda.”
