An activist investor in GAM has upped pressure on the Swiss asset manager by demanding it re-examine options for selling all or part of the company to a “strategic investor”, following earlier discussions about mergers and acquisitions that were “not satisfactory”.

Krupa Global Investments, which says it owns a 3% economic interest in GAM through shares, options and contracts for difference, published a statement on 27 January in which it urged management to stabilise and grow assets across its investment management arm and “prepare GAM for [a] strategic investor”.