Investors withdrew a further CHF4bn ($4bn) from GAM during the first quarter, as the embattled Swiss fund manager struggles to move on from the fallout of an internal crisis that began eight months ago.
Net outflows were driven by investors pulling money from both equity and fixed income strategies, including the GAM Greensill Supply Chain Finance, GAM Emerging Bond and GAM Star MBS Total Return funds, according to a statement on April 17.
