Two weeks after a star bond fund manager was suspended, GAM has yet to shine light into the affair. finews.asia tallies the six major puzzles still surrounding the asset manager's current troubles.
Those in finance circles are still scratching their heads over what moved Swiss-British asset manager GAM to ignite its current crisis. What do we know? Long-standing fund manager Tim Haywood apparently violated various rules, forcing GAM to respond with measures normally viewed as last-resort moves.
GAM's stock price has slumped by as much as 30 percent in the interim. The matter has put investor trust to the test, with clients continuing to draw down funds from the flagship line of absolute return bond products. The list of inconsistencies which require explanation, as compiled by finews.asia.
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