GAM Cans Monthly Redemptions

Dec 29 2008 | 3:23am ET

GAM is changing its redemption policy in the wake of a brutal year for the hedge fund.

The firm, owned by Julius Baer, will now offer just quarterly redemptions for most of its fund of hedge funds, instead of monthly. GAM has lost about one-third of its assets under management this year.

GAM’s move was first reported by the Financial Times.

According to the newspaper, GAM will still allow for monthly redemptions for its most liquid vehicles, including strategies such as long-short equity, commodity futures trading and global macro.


In Depth

MiFID2 For U.S. Firms: Key Questions Answered

Feb 27 2017 | 4:54pm ET

The January 2018 deadline for implementation of the EU’s mammoth MiFID2 regulations...

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

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of