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GAM reportedly in talks with potential buyers

GAM reportedly in talks with potential buyers

GAM is reportedly holding meetings with potential buyers to stabilise the business after Tim Haywood's suspension.

According to Bloomberg, GAM has held 'informal talks with potential buyers for all or part of the business' as a way to mitigate damage resulting from the liquidation of the ARBF fund range.

Shares have jumped following the report, rising from CHF 7.04 Wednesday morning to CHF 7.93 by market close.

A spokesperson for the asset manager declined to comment, calling the reports 'speculation'.

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