GAM Assets Rise

Oct 23 2012 | 1:21pm ET

GAM Holding said that assets rose in the third quarter in spite of continued difficulties with its most important business line, funds of hedge funds.

The Swiss firm said its assets increased 5.1% to 116.8 billion Swiss francs (US$126 billion) in the quarter, thanks to inflows, fund performance and its acquisition of a majority stake in Arkos Capital.

But its funds of funds continued to disappoint, suffering outflows that were offset by the good news. Still, it sought to offer a silver lining even on that front, noting that redemption pressure by clients at its former parents, Julius Baer and UBS, were slowing.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.