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Assets plunge 90% at GAM-Greensill fund

People close to the fund say that the size and speed of the recent outflows is unusual

By

Duncan Mavin

Former Prime Minister David Cameron is an adviser to Greensill, whose fund has become embroiled in controversy
Former Prime Minister David Cameron is an adviser to Greensill, whose fund has become embroiled in controversy Photo: Getty Images

A fund run by GAM, the Swiss asset manager, and a finance company that employs David Cameron has shrunk by more than 90% in just a couple of months.

The GAM Greensill Supply Chain Finance fund has fallen to just €155m in assets under management from about €2.1bn as recently as May, according to data from Bloomberg that was confirmed by GAM.

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