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GAM to liquidate Haywood’s funds

GAM to liquidate Haywood’s funds

GAM has decided to liquidate Tim Haywood's unconstrained/absolute return bond funds (ARBF).

GAM said it believes the liquidation will allow investors to receive proceeds in a more timely and fair manner. It is also working on establishing alternative structures for fund shareholders who want to remain invested with the ARBF team.

The liquidation of the CHF 7.3 billion fund range is pending regulatory and shareholder approval. 

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