What impact did the incident have on the share price of the company?
GAM to Liquidate Nine Funds of Suspended Manager Haywood
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The video discusses an anticipated update for investors regarding funds managed by Tim Hayward at GAM. Hayward was suspended for breaching due diligence procedures, leading to investor redemption requests and the eventual liquidation of the funds. This situation has significantly impacted GAM, with its share price dropping by 50% and raising questions about the future of its CEO, Alexander Friedman. Despite these challenges, GAM is working to repay investors and is considering future investment strategies.
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What were some of the other issues faced by GAM this year?
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