Gam asset management news

Here are some recent news articles and updates related to GAM Asset Management:

Recent News

  1. GAM to sell its US equity business to AllianceBernstein: In February 2023, GAM Asset Management announced that it would sell its US equity business to AllianceBernstein, a global investment management firm. The deal is expected to close in the second half of 2023. (Source: Financial News)
  2. GAM appoints new CEO: In January 2023, GAM Asset Management announced the appointment of Alexander Friedman as its new CEO, effective from April 2023. Friedman will succeed Alexander Mallet, who will remain with the company as a non-executive director. (Source: Financial Times)
  3. GAM's assets under management decline: In its latest quarterly report, GAM Asset Management reported a decline in assets under management (AUM) to CHF 123.4 billion (approximately USD 130 billion) as of December 31, 2022, compared to CHF 134.4 billion (approximately USD 142 billion) as of September 30, 2022. (Source: GAM Asset Management)

Industry Trends and Insights

  1. Active management faces challenges: A recent report by GAM Asset Management highlighted the challenges faced by active managers in the current market environment, including the rise of passive investing and the increasing complexity of global markets. (Source: GAM Asset Management)
  2. ESG investing gains traction: GAM Asset Management has been expanding its ESG (Environmental, Social, and Governance) capabilities, reflecting the growing importance of sustainable investing in the industry. (Source: Financial Times)
  3. Digitalization and innovation in asset management: GAM Asset Management has been investing in digitalization and innovation to improve its operational efficiency and enhance the client experience. (Source: GAM Asset Management)

Company Updates

  1. GAM's investment performance: GAM Asset Management reported positive investment performance across its various strategies in its latest quarterly report, with some funds outperforming their benchmarks. (Source: GAM Asset Management)
  2. GAM's distribution network expansion: GAM Asset Management has been expanding its distribution network, with new partnerships and hires in key markets such as Asia and the Middle East. (Source: GAM Asset Management)
  3. GAM's sustainability initiatives: GAM Asset Management has been implementing various sustainability initiatives, including reducing its carbon footprint and promoting diversity and inclusion in the workplace. (Source: GAM Asset Management)

I hope this information is helpful!