Wealth and Asset Management
Major GAM investor trims stake in asset manager
German investor Joerg Bantleon has trimmed his stake in embattled Swiss fund house GAM. According to a regulatory announcement, Bantleon has sold 2.75 million shares in the asset manager through Bantleon Bank, reducing the size of the position from 11.13% to 9.41%. Munich-based Bantleon had invested heavily in GAM after…
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