Senior portfolio managers at GAM Investments have expressed their “strong support” for GAM Holding board’s decision to pursue a merger with Liontrust Asset Management.
In a letter released today (23 May), the managers said the proposed acquisition by Liontrust is "highly credible" and "in the best interests of GAM clients". "It is our view that an industry sale to a highly regarded peer with a heritage in fund management, a strong track record of acquisitions and integrations, and consistently strong profitability is in the best interests of GAM clients," they wrote. Liontrust acquires GAM The managers said there is a "cultural alignment" between GAM and Liontrust, which will provide "the environment and support to enable the investment teams to...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
