Asset Management

Acquisitive GAM agrees to buy London investment boutique

Swiss asset manager strikes deal to buy £1.8 billion equity house Taube Hodson Stonex Partners

GAM chief executive Alexander Friedman
GAM chief executive Alexander Friedman

Swiss asset manager GAM is to buy a £1.8 billion London investment house, two months after revealing plans to issue new shares to help it fund acquisitions.

GAM said in a statement on May 16 that it had agreed to buy Taube Hodson Stonex Partners, which manages some £1.78 billion across global and European equity strategies.

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