GAM (company)

GAM Investments is an independent, pure play asset management group headquartered in Zurich.[5] The Group sells to a wide range of client segments such as institutions, wholesale intermediaries, financial advisers, and private investors.[1] The Group’s investment management business is complemented by a private labelling unit which provides outsourcing for third-party asset managers.

GAM Investments
Public limited company
Traded asSIX: GAM
ISINCH0102659627
IndustryAsset management
Founded1983 (1983) (as GAM) [1]
Headquarters,
Key people
Peter Sanderson (CEO)[2]
ProductsInvestments
AUMCHF 119.4 billion [3]
Number of employees
Around 817[4] (2019)
Websitewww.gam.com

Headquartered in Zurich, GAM has been independently listed on the SIX Swiss Exchange since October 2009, following the separation of the former Julius Baer Group Julius Baer,[6] and is a component of the Swiss Performance Index (SPI) with the symbol “GAM”. The Group has assets under management of CHF 119.4 billion [7] and employs around 850 staff with offices in 14 countries.

History

GAM was founded as "Global Asset Management" in 1983 by Gilbert de Botton,[8] a pioneer of the "open architecture" asset management model.[9] In 1999, it was acquired by UBS. It remained under the UBS umbrella until Julius Baer acquired GAM and three other private banks from UBS in 2005.[10] GAM acquired Augustus Asset Managers in 2009, and later in the year separated from Julius Baer to form an independent, pure-play asset manager. The spinoff was completed by listing GAM as a separate company in the Swiss SIX exchange.[11]

GAM has since then has acquired several asset managers: Arkos Capital in 2012 and Singleterry Mansley Asset Management in 2014.[10] In September 2014 it appointed Alexander Friedman, the CIO of UBS Wealth Management, as the new Group CEO.[12] Later, in 2015, GAM announced the acquisition of the real estate division of Renshaw Bay.[13] In May 2016, GAM entered into an agreement to acquire the investment management business of Taube Hodson Stonex, a London-based global equity investment firm: the acquisition is expected to close in the third quarter 2016, subject to customary regulatory approvals.[14] In June 2016, GAM entered into an agreement to acquire Cantab Capital Partners, an industry-leading multi strategy systematic manager based in Cambridge, UK. This acquisition was closed on 3 October 2016 following regulatory approval.[15] In September 2019 it appointed Peter Sanderson as Group CEO who joined from BlackRock.[2]

In May 2019 it was announced that Soros Fund Management has built up a 3% stake in the company. [16]

December 2019, GAM was accused of accounting ‘misstatement’ by the Swiss bourse.[17][18]

gollark: I don't know if it's ever come up, but it's an interesting question.
gollark: https://bitcoin.stackexchange.com/questions/39347/how-to-store-data-on-the-blockchain
gollark: Transactions can be (ab?)used to store data, I think.
gollark: I mean, it would be replicated to all the blockchain nodes, so are *they* breaking the law?
gollark: Actually, I wonder what happens if someone decides to store, I don't know, copyrighted data they don't have rights to on the Bitcoin blockchain.

References

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