GAM AUM drops £17.5bn in 2021 forcing targets review

clock • 1 min read
GAM AUM drops £17.5bn in 2021 forcing targets review

Assets under management at Zurich-based asset manager GAM Investments dropped to £79.8bn over 2021, down from £97.3bn at the end 2020, triggering a revision of its 2024 financial targets.  Investment management client outflows were up at £3.5bn, while fund management services recorded net client outflows of £16.4bn, which the firm said was primarily due to one large client departure. In terms of performance, equities and fixed income made gains, however, with 68% and 60% of assets under...

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