Asset Management

George Soros builds 3% stake in stricken GAM

Shares in the asset manager, which has plummeted over the last year, bounced on the news

George Soros, the billionaire investor, has built a 3% stake in the embattled Swiss asset manager GAM.

According to a regulatory filing with the Swiss stock exchange, Soros made the investment in the Zurich-headquartered fund manager via his subsidiary SFM UK Management.

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