GAM completes sale of ARBF assets in connection to sacked director

Ridhima Sharma
clock • 1 min read

GAM Holding AG has received all the proceeds from the sale of the remaining assets within its unconstrained/absolute return bond funds (ARBF) in line with the agreement announced on 17 April 2019. The sale will result in an average of 100.5% of net asset value being returned to clients relative to the valuations at the time the liquidation of the respective funds commenced. GAM's priority throughout the liquidation process has been to maximise liquidity and value for its clients. Since the beginning of September 2018, when the liquidation of the ARBF funds commenced, clients have alre...

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