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Activist hedge fund gunning for GAM

Swiss investment fund proposes alternative slate of directors for fund manager's AGM in April

Alexander Friedman, chief executive of GAM, has been pursuing acquisitions and diversification since 2015
Alexander Friedman, chief executive of GAM, has been pursuing acquisitions and diversification since 2015 Photo: Company Photograph

GAM, the Swiss asset management group, may have a boardroom battle on its hands after coming into the crosshairs of an activist hedge fund.

RBR Capital Advisors, which owns 2.1% of GAM's shares, is aiming to get its founder and chief investment officer, Rudolf Bohli, and two other candidates elected to GAM's board, the company said in a statement today, February 27.

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