GAM completes acquisition of Arkos Capital SA
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GAM /
GAM completes acquisition of Arkos Capital SA
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The issuer is solely responsible for the content of this announcement.
On 31 July 2012 GAM completed the acquisition of 74.95% of Arkos Capital SA
announced on 28 February and closed agreements with the management of Arkos for
the future purchase of the remaining 25.05%.
It is expected that by year-end all of Arkos's funds will be distributed under
the GAM brand. The management of all investment strategies will remain
unchanged: the investment team will be fully retained and will continue to
operate from its current base in Lugano, Switzerland.
Zurich/London, 2 August 2012: GAM Group AG (GAM), a wholly owned subsidiary of
GAM Holding AG, completed its acquisition of 74.95 % of Arkos Capital SA (Arkos)
on 31 July 2012 and closed agreements with the management of Arkos for the
future purchase of the remaining 25.05%. The transaction was approved by the
Swiss Financial Market Supervisory Authority (FINMA). No significant integration
costs are anticipated.
As at 30 June 2012, Arkos had assets under management of CHF 729 million
(compared to CHF 664 million as at 31 December 2011). Its range of low-
volatility absolute return funds - offshore and onshore - includes long/short
equity strategies covering Europe and emerging markets, as well as a specialist
offering focusing on financial securities and an active convertible bond
strategy.
For further information please contact:
Media Relations Zurich, Larissa Alghisi Rubner
Tel. +41 (0) 58 426 62 15
Media Relations London, Stacey Coglan
Tel. +44 (0) 20 7393 8656
Notes to Editors
GAM
Established in 1983, GAM is an independent, active investment manager,
delivering investment solutions to institutions, intermediaries, private clients
and charities from offices in financial centres around the world. Its CHF 44.8
billion[1] in assets under management spans approximately 60 separate investment
strategies across equity, fixed income, absolute return, funds of hedge funds,
discretionary portfolio management and tailored investment solutions. Its aim is
to deliver strong, long-term returns for clients through some of the world's
most talented investment managers. Its focus on performance, risk management,
uncompromising investment standards and partnership with clients enables it to
achieve that objective.
[1] as at 31 December 2011.
Press Release (PDF):
http://hugin.info/143851/R/1631249/522901.pdf
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originality of the information contained therein.
Source: GAM via Thomson Reuters ONE
[HUG#1631249]
Unternehmensinformation / Kurzprofil:
Datum: 02.08.2012 - 07:00 Uhr
Sprache: Deutsch
News-ID 170993
Anzahl Zeichen: 3349
contact information:
Town:
London
Kategorie:
Business News
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