Technology & Media Editor

Swiss asset manager GAM is planning new hires and further acquisitions in a push to expand its non-fund of funds business, as client interest shifts away from multi-manager strategies.

GAM this morning reported its results for the first half of 2012, which showed net outflows of Sfr1bn from equity and multi-manager products, as well as a continued loss of private client mandates that the firm previously enjoyed as part of UBS and Julius Baer.

Swiss fund manager GAM is planning new hires and further acquisitions in a push to expand its business away from multi-manager strategies

Sarah Krouse

William Hutchings

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GAM on hiring and acquisition trail

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