FN London

Financial News

News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Asset Management

GAM calls time on supply chain finance fund linked to Greensill

Firm anticipates an orderly fund liquidation and return of client assets

By

David Ricketts

Zurich-based asset manager GAM has said it will wind down its Greensill Supply Chain Finance fund after recent market developments
Zurich-based asset manager GAM has said it will wind down its Greensill Supply Chain Finance fund after recent market developments Photo: Arnd Wiegmann/Alamy

GAM, the Switzerland headquartered asset manager, has announced it will close an investment fund linked to Greensill Capital — the supply chain finance company that is battling for survival.

Zurich-based GAM said it had taken the decision to wind down the GAM Greensill Supply Chain Finance fund “as a result of recent market developments and resulting media coverage related to supply chain finance”.

WSJ Logo
GQG Launches Buyback After Stock Tumbles on Adani Probe

GQG Launches Buyback After Stock Tumbles on Adani Probe

Trump Considers Warsh Serving as Treasury Secretary—and Then Fed Chair

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

Nvidia Is on Top but Does It Have Anywhere to Go but Down?

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade