Wealth and Asset Management
GAM warns on profits as it takes £350m hit
Troubled fund house GAM has issued a profit warning as it faces a £348m impairment charge from when it was taken over more than 15 years ago. In an update published last week (June 19), the Swiss asset manager said it expected to recognise non-cash impairment charges of around £348m,…
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Click here to read the full story: FT Adviser