Shares in asset manager Gam Holding, which broke from Julius Baer last month, rose 5% in early trading today, after reporting a rise in assets under management. The news came in its first interim results as an independent company.

Gam Holding, which split from Julius Baer at the beginning of October and is listed on the Swiss stock exchange, consists of active manager Gam and the former Julius Baer Asset Management business, now called Swiss & Global Asset Management.