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Alternative Market Briefing

GAM plans to broaden range of active strategies, cease Swiss & Global brand

Wednesday, March 04, 2015

Benedicte Gravrand, Opalesque Geneva:

GAM Holding AG, an independent asset management group headquartered in Zurich and listed on the SIX Swiss Exchange, reported yesterday underlying net profit of CHF 177.2m for 2014 (down 16% from 2013), "reflecting the effects of a return to a more normalised tax rate of 18.2% (9.8% in 2013) and the decline in performance fees."

The Group’s assets under management (AuM) stood at CHF 123.2bn ($127.8bn) as at 31 December 2014 (CHF 114.4bn as at 31 December 2013).

GAM said in its announcement that it plans to expand its investment and distribution footprint in the US and in Asia. It already has distribution networks and investment teams based in five investment centres in Europe, the US and Asia.

It also plans focus on broadening its range of active absolute return/alternative strategies (in the form of onshore funds and customized solutions), rather than passive products. It will also invest further in its multi-asset class capabilities.

In its effort to reach greater cost efficiency, it will simplify the band architecture by discontinuing the use of the Swiss & Global Asset Management......................

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