GAM (company)
| File:GAMInvestments 192x192px Blue RGB.png | |
| File:Industriequartier - Prime Tower 2011-08-08 13-44-40.JPG Headquarters at Prime Tower | |
| Company type | Public limited company |
|---|---|
| SIX: GAM | |
| ISIN | CH0102659627 |
| Industry | Asset management |
| Founded | 1983 (as GAM) [1] |
| Headquarters | , |
Key people | Albert Saporta (CEO) |
| Products | Investments |
| AUM | CHF 12.7 billion (Q2 2025) |
Number of employees | Around 300 (2025) |
| Website | www |
GAM Investments is an independent, pure play asset management group headquartered in Zurich.[2] The Group sells to a wide range of client segments such as institutions, wholesale intermediaries, financial advisers, and private investors.[1] The Group’s investment management business is complemented by a private labelling unit which provides outsourcing for third-party asset managers.
GAM has been independently listed on the SIX Swiss Exchange since October 2009, following the separation of the former Julius Baer Group Julius Baer,[3] and is a component of the Swiss Performance Index (SPI) with the symbol “GAM”. The Group had assets under management of CHF 12.7 billion, as at 30 June 2025. As of 1 February 2024, Fund Management Services were successfully transferred to the Carne Group. GAM has offices in 15 countries.
History
[edit | edit source]GAM was founded as "Global Asset Management" in 1983 by Gilbert de Botton,[4] a pioneer of the "open architecture" asset management model.[5] In 1999, it was acquired by UBS. It remained under the UBS umbrella until Julius Baer acquired GAM and three other private banks from UBS in 2005.[6] GAM acquired Augustus Asset Managers in 2009, and later in the year separated from Julius Baer to form an independent, pure-play asset manager. The spinoff was completed by listing GAM as a separate company in the Swiss SIX exchange.[7]
GAM has since then has acquired several asset managers: Arkos Capital in 2012 and Singleterry Mansley Asset Management in 2014.[6] In September 2014, it appointed Alexander Friedman, the CIO of UBS Wealth Management, as the new group CEO.[8] Later, in 2015, GAM announced the acquisition of the real estate division of Renshaw Bay.[9] In May 2016, GAM entered into an agreement to acquire the investment management business of Taube Hodson Stonex, a London-based global equity investment firm: the acquisition is expected to close in the third quarter 2016, subject to customary regulatory approvals.[10] In June 2016, GAM entered into an agreement to acquire Cantab Capital Partners, an industry-leading multi strategy systematic manager based in Cambridge, UK. This acquisition was closed on 3 October 2016 following regulatory approval.[11] In August 2018, GAM suspended an Investment Director and announced the suspension and liquidation of a range of Absolute Return Bond funds.[12] The Investment Director was dismissed for gross misconduct in February 2019 for not disclosing gifts from Greensill Capital.
In September 2019,[12] GAM appointed Peter Sanderson (born 1978) as Group CEO[13] who joined from BlackRock[14] where he was a managing director holding the positions of Head of Financial Services Consulting in EMEA, since 2012, and a member of BlackRock's EMEA Executive Committee since 2014.[15] Before joining BlackRock in 2006, his engagements included Mondrian Investment Partners and KPMG.[15] He is a member of the Bar of England and Wales[15] and holds a Bachelor of Laws degree from the University of Leicester.[16]
In May 2019, it was announced that Soros Fund Management had built up a 3% stake in the company, which it subsequently sold.[17]
In December 2019, GAM was accused of accounting ‘misstatement’ by the Swiss bourse.[18]
In May 2023, Liontrust Asset Management made a £96m offer to acquire the Swiss asset manager.[19]
Investment strategies
[edit | edit source]GAM's core investment strategies focus on fixed income, equity, multi asset & solutions[clarification needed] and systematic[clarification needed], and include environmental, social and governance (ESG) factors.
References
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- ^ Angaben der GAM Holding AG auf der Website der SIX Swiss Exchange
- ^ Julius Bär, Medienmitteilung, 20 May 2009.
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