Gam woes put spotlight on unconstrained bond funds
Last week the Swiss firm halted dealing in its absolute return bond funds after suspending the products’ lead manager, in a move that has sparked concern about such strategies.
Embattled fund house Gam’s woes deepened further last week after it halted dealing in its absolute return bond funds (ARBFs) after suspending the products’ lead manager. Its ongoing issues risk tarnishing the appeal of such funds, which have grown in popularity in recent years with Asian and global investors.
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