September 16, 2021

Days before suspension, Haywood’s Clients fled GAM Feeder Fund

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By Patrick Winters From Bloomberg In the days leading up to Tim Haywood’s suspension, one of his funds at Switzerland’s GAM Holding AG was showing an unusual pattern. The GAM Absolute Return Bond Fund – Master Fund, an Australian dollar-denominated pool that had attracted fairly steady inflows throughout the year, was suddenly seeing a sharp […]

GAM [Cayman Islands reg fund]: Shareholders’ Plan to Replace Chairman

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From Finews GAM shareholders clearly are unhappy about the performance of the asset manager: A Zurich-based investor proposes its own candidate for election as chairwoman at the annual general meeting. GAM’s results haven’t convinced over the past years and the share price dropped by almost half since 2015. One of the asset manager’s shareholders now […]

JTC Cayman acquisition bolsters fund administration capabilities

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Independent institutional and private client service provider JTC has extended the capabilities of its Cayman Islands office to offer a broad range of fund administration services, following the completion of its acquisition of GAM’s fund administration business based there. Having announced the acquisition in October and with full regulatory approvals from the Cayman Islands Monetary […]

JTC buys Cayman Fund administration business from GAM

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JTC Group, the fast-growing provider of institutional and private client services, has expanded its operations in the Cayman Islands through the acquisition of GAM’s fund administration business. The deal, which remains subject to regulatory approvals, will see all 14 GAM staff in Cayman transfer to JTC and completion of the transaction is expected in late […]