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GAM’s assets tumble, as Systematic unit suffers renewed outflows amid business shake-up

GAM’s assets tumble, as Systematic unit suffers renewed outflows amid business shake-up

Switzerland-headquartered global asset manager GAM, home to Cambridge-based quantitative hedge fund unit GAM Systematic, saw its assets under management drop to CHF35.5 billion in Q1, down from CHF35.9 billion at the start of 2021, as its embattled systematic business also shed assets during the three-month period.