Asset Management

GAM’s share price spikes after Liontrust confirms takeover interest

GAM's share price jumped by more than 25% following news of Liontrust's interest

Securing a deal for GAM would be the latest acquisition for London-headquartered Liontrust, which is run by City veteran John Ions
Securing a deal for GAM would be the latest acquisition for London-headquartered Liontrust, which is run by City veteran John Ions Photo: Alamy Stock Photo

Liontrust Asset Management, the UK-listed fund management group, is eyeing a takeover of GAM — the Zurich-headquartered firm that has been trying to find a buyer for months.

GAM, which was last year fined £9.1m by the Financial Conduct Authority over its failure to manage conflicts of interest in its dealings with Greensill Capital, appointed UBS bankers in December to find a suitor.

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