Wealth and Asset Management
Liontrust Loses £1.6 Billion of Assets in Months of GAM Takeover Bid
As it was seeking to take over troubled Swiss Asset Manager GAM, UK-based Liontrust bled the equivalent of nearly two billion dollars of assets under management. In the months during the acrimonious takeover battle between Liontrust and an investor group led by Newgame, Liontrust experienced outflows of 1.6 billion British…
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