GAM Unwinds Frozen Assets of Suspended Bond Manager

The transcript discusses the suspension of star trader Tim Heywood at GAM, highlighting the key man risk associated with relying heavily on a single trader. The suspension led to significant redemptions and a 25% drop in stock value. Despite claims of no client losses, the firm faces challenges in maintaining investor confidence. The discussion also covers the importance of balancing liquid and less liquid assets to manage redemption and perception risks in the competitive investment market.

What risks are associated with having a single trader or a small group of traders responsible for a large portion of the business?

What measures are being taken to retain investor confidence in GAM?