Pressure on AUM for GAM amid challenging backdrop

Lauren Mason
clock • 2 min read

GAM's assets under management (AUM) shrunk by 5.2% during the first quarter of 2022, according to its latest trading statement, despite an increased percentage of three-year outperformance from its funds relative to their respective benchmarks. The group's overall assets fell from CHF100bn to CHF94.8bn over the three months to the end of March 2022, with the investment management arm of the business having shrunk by 6.3% from CHF31.9bn to CHF30bn. In terms of the latter, this was largely driven by negative market conditions and foreign exchange movements - both of which accounted for out...

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