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GAM says whistleblower raised concerns about suspended bond manager

Swiss fund manager has suspended Tim Haywood and is in the process of liquidating his funds

The Swiss investment house GAM took the decision to suspend leading bond manager Tim Haywood after a whistleblower raised concerns about his conduct, it has emerged.

Haywood, who oversaw a suite of funds with more than $7bn under management, was suspended from GAM in July after the company found he may have breached internal policies on record-keeping and risk management.

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