News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Asset Management

GAM sees outflows slow as cost cutting continues

The asset management firm said its cost cutting programme is on track

Swiss asset manager GAM is on track to shed about 140 jobs to deliver 65m Swiss francs in cost savings in 2020, amid “materially lower” outflows in the second quarter.

The company saw net outflows of CHF8.5bn in the first six months of the year, of which CHF2bn came in the second quarter.

WSJ Logo