07.10.2008 Opalesque Exclusive: GAM contributes in Julius Baer`s 20% share collapse, Artio`s listing may be postponed
By Benedicte Gravrand, Opalesque London: Julius Baer lost 20% in two weeks on the Swiss bourse, reported Swiss paper Le Temps on 4-Oct. This is due to its joint business with fund of funds manager GAM, which is going through a rough patch. Christian Stark, analyst at Cheuvrex, told Le Temps that there were withdrawals from clients in the first half of the year. “GAM has not made any structural fa
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