UPDATE 1-Swiss asset manager GAM doubles 2020 cost cuts amid outflows
GAM Holding’s assets
under management fell by more than 20 billion Swiss francs in
the first quarter, the embattled fund manager said on Tuesday,
prompting it to step up its cost-cutting plans which include
cutting roughly one-sixth of its staff this year.
under management fell by more than 20 billion Swiss francs in
the first quarter, the embattled fund manager said on Tuesday,
prompting it to step up its cost-cutting plans which include
cutting roughly one-sixth of its staff this year.
Posted by Reuters
