Thursday, 24 July 2014
Last updated 14 hours ago
Apr 13 2010 | 10:19am ET
GAM Holding is finally growing again, but its flagship funds of hedge funds have yet to join the renaissance.
The Swiss firm said its assets under management increased 5% in the first quarter to 119.1 billion Swiss francs (US$112.4 billion). While GAM’s funds of funds continued to suffer outflows—at a lower rate, it must be said, that last year—its single-manager hedge funds performed well enough and attracted enough new money to cover that loss and then some.
Much of the increase came in GAM’s fixed-income hedge funds. Augustus Asset Managers, the GAM subsidiary that manages its fixed-income hedge funds, had the largest inflow in the quarter.
GAM called the inflows to its hedge funds “encouraging.”
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…