Baer: Outflows Slow At GAM

May 13 2009 | 10:01am ET

Things are getting better at GAM. Or, at least, they are getting worse much, much slower.

Julius Baer, the fund of hedge funds’ parent, said this week that outflows from GAM have “slowed significantly.” The firm did not provide any numbers to back up its assertion, although analysts estimate that the decline in assets could have been as low as 4 billion Swiss francs, down from about 40 billion francs last year.

The news was not all good for Baer: The firm’s flagship private banking business saw inflows slow after posting a strong 2008.


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

Looking for a way to keep warm during the cold weather or rather alleviate your cold while under the weather?