GAM Eyes Major Job Cuts

The video discusses GAM, a Swiss asset manager, facing financial challenges after a scandal. The company plans to cut costs by 40% to regain profitability. The focus is on maintaining current asset levels and reducing expenses. The strategy involves no major changes but emphasizes cost-cutting. GAM's workforce will see reductions, particularly in back office roles, as the company adapts to a smaller asset base.

What types of funds does GAM currently manage, and how are they performing?

What are the implications of GAM's cost structure on its asset management strategy?