GAM expects 'challenging' 2019
Assets under management (AuM) in investment management down to CHF 56.1 billion1 as at 31 December 2018 from CHF 84.4 billion at the end of 2017, mainly driven by: Reduction of CHF 11.0 billion2 related to the unconstrained/absolute return bond funds (ARBF) Net outflows of CHF 10.5 billion from non-ARBF…
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