GAM to Liquidate Nine Funds of Suspended Manager Haywood

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.

What was the primary reason for Tim Hayward's suspension from GAM?

• Breach of due diligence procedures

• Poor investment performance

• Conflict of interest

• Mismanagement of funds

What action did GAM take in response to investor redemption requests?

• Reduced management fees

• Offered bonuses

• Froze redemptions

• Increased fund value

What was the outcome for investors after the liquidation of the funds?

• Investors received their money back

• Investors lost all their money

• Investors were offered new shares

• Investors were given a bonus

How much did GAM's share price drop as a result of the issues discussed?

• 50%

• 25%

• 75%

• 10%

What additional challenge did GAM face from an activist shareholder?

• Suggestion to merge with another company

• Request to expand globally

• Pressure to cut costs

• Demand to increase dividends