
GAM is a Swiss multinational financial services company that was founded in 1922. It's been around for nearly a century, providing asset management and investment solutions to clients worldwide.
GAM has a significant presence in Europe, with a major hub in Switzerland and offices in several other countries. This global reach allows the company to tap into diverse markets and offer tailored services to clients with varying needs.
In recent years, GAM has undergone significant changes, including a major restructuring effort in 2018. This effort aimed to streamline operations and improve efficiency, which has had a positive impact on the company's financial performance.
GAM has also secured substantial funding rounds to support its growth and expansion. One notable example is the CHF 400 million (approximately $420 million USD) raised in 2020, which helped the company strengthen its balance sheet and pursue strategic opportunities.
Investment and Funding
GAM has a significant history of funding rounds, with one notable example being a $174M post-IPO funding round in February 2018.

This funding round gave GAM a post-money valuation of $2,365,808 and a revenue multiple of $3,924,844.
GAM has also made various investments and acquisitions, with a notable example being its investment in Emboline in May 2021, a company founded in 2011 and based in Santa Cruz, United States.
GAM's investments span across multiple sectors, with over 2.9K sectors represented in its portfolio.
Here's a brief overview of GAM's investments and acquisitions:
Investment Strategies
At GAM, investment strategies are multifaceted and focus on fixed income, equity, multi-asset & solutions, and systematic approaches.
These strategies also incorporate environmental, social, and governance (ESG) factors, which is a growing trend in responsible investing.
GAM's investment strategies are designed to be adaptable and responsive to changing market conditions.
Their approach is rooted in a deep understanding of the complexities of the financial markets.
GAM's investment strategies encompass a wide range of sectors, with over 2.9K sectors covered.
Their business models are equally diverse, with over 56.8K business models analyzed.

Here's a breakdown of GAM's investment strategies:
Funding and Investors
Venture capital firms typically invest between $500,000 to $15 million in startups, with an average investment of $3 million.
Angel investors often invest smaller amounts, typically between $25,000 to $500,000, in exchange for a significant equity stake in the company.
Crowdfunding platforms like Kickstarter and Indiegogo allow creators to raise funds from a large number of people, often with a lower minimum investment requirement.
Private equity firms invest in established companies to help them grow or take over other companies, often providing significant financial resources.
Investors typically look for a 10-20% annual return on investment in startup companies.
Corporate and Social
GAM (company) has a strong commitment to corporate and social responsibility. The company's headquarters is located in Zug, Switzerland, a hub for the global gaming industry.
GAM is listed on the SIX Swiss Exchange, which provides a high level of transparency and accountability. This listing also allows the company to access international capital markets.
As a responsible business, GAM prioritizes the well-being of its employees, customers, and the wider community.
History

GAM was founded as "Global Asset Management" in 1983 by Gilbert de Botton, a pioneer of the "open architecture" asset management model.
The company was acquired by UBS in 1999 and remained under its umbrella until Julius Baer acquired GAM and three other private banks from UBS in 2005.
GAM acquired Augustus Asset Managers in 2009 and later separated from Julius Baer to form an independent, pure-play asset manager in the same year.
The spinoff was completed by listing GAM as a separate company in the Swiss SIX exchange.
GAM has since acquired several asset managers, including Arkos Capital in 2012 and Singleterry Mansley Asset Management in 2014.
In September 2014, Alexander Friedman, the CIO of UBS Wealth Management, was appointed as the new group CEO.
GAM acquired the real estate division of Renshaw Bay in 2015 and entered into an agreement to acquire the investment management business of Taube Hodson Stonex in May 2016.
The acquisition of Taube Hodson Stonex was expected to close in the third quarter 2016, subject to customary regulatory approvals.
GAM also acquired Cantab Capital Partners, an industry-leading multi strategy systematic manager based in Cambridge, UK, in June 2016.
The acquisition was closed on 3 October 2016 following regulatory approval.
In August 2018, GAM suspended an Investment Director and announced the suspension and liquidation of a range of Absolute Return Bond funds.
In February 2019, the Investment Director was dismissed for gross misconduct in not disclosing gifts from Greensill Capital.
Peter Sanderson was appointed Group CEO in September 2019, joining from BlackRock where he was a managing director.
Soros Fund Management had built up a 3% stake in GAM in May 2019 but subsequently sold its shares.
In December 2019, GAM was accused of accounting 'misstatement' by the Swiss bourse.
In May 2023, Liontrust Asset Management made a £96m offer to acquire the Swiss asset manager.
Corporate Responsibility
We aim to be responsible and diligent investors, on behalf of our clients and our stakeholders. This means putting their needs and interests first in all our business decisions.
Our goal is to generate long-term value for our clients, while also minimizing any negative impact on the environment and society. We strive to be transparent and accountable in all our operations.
We believe that corporate responsibility is essential to building trust with our clients and stakeholders. By being responsible and diligent, we can create a positive impact and contribute to the well-being of our community.
Competitors and Partners
GAM has a strong presence in the industry, with several competitors vying for market share.
One of its main competitors is Evolution Gaming, a leading provider of live casino solutions.
GAM's partnerships with other companies have helped it stay ahead of the competition, including its collaboration with NetEnt.
Competitors and Alternates
GAM is not alone in the investment management services industry, and there are several competitors and alternates that offer similar services.
Investec, a global banking and investment firm, ranks 1st among GAM's competitors with a Tracxn Score of 78/100.
Aviva, a diversified insurance and asset management firm, ranks 2nd with a Tracxn Score of 77/100.
Schroders, a funds of fund focused on multiple sectors, ranks 3rd with a Tracxn Score of 76/100.
FNZ, a wealth management solutions provider, ranks 4th with a Tracxn Score of 76/100 and has received $1.4B in funding from investors such as CPP Investments and Summit Partners.
Here's a list of the top 5 competitors and alternates to GAM:
HSBC, a universal bank and financial advisory services provider, ranks 5th with a Tracxn Score of 75/100.
S&P Global, a business intelligence solutions provider, ranks 6th with a Tracxn Score of 72/100.
Bank of America, a commercial bank and asset management firm, ranks 7th with a Tracxn Score of 72/100.
State Street, a financial services provider for asset managers, ranks 8th with a Tracxn Score of 70/100.
Goldman Sachs, an investment banking firm focused on multiple sectors, ranks 9th with a Tracxn Score of 70/100.
FIS, a software provider for banks and financial institutions, ranks 10th with a Tracxn Score of 70/100.
GAM, a provider of investment management services, ranks 53rd with a Tracxn Score of 48/100.
Strategic Alliance Announcement

GAM Investments has announced a strategic alliance with SHK & Co to drive growth and enhance distribution in Greater China. This move is a significant step for GAM Investments, expanding its reach into the Chinese market.
GAM and SHK & Co have formed a partnership to boost their presence in Greater China. The alliance aims to leverage their combined expertise and resources to achieve greater success.
SHK & Co brings a wealth of knowledge and experience in the Chinese market, which will undoubtedly benefit GAM Investments. This strategic partnership is expected to have a positive impact on GAM's growth prospects.
Investments and Growth
GAM has a significant track record of investments and acquisitions, with over 203K deals under its belt. This level of activity demonstrates the company's commitment to growth and expansion.
One notable investment was in Emboline, a company founded in 2011 and based in Santa Cruz, United States. GAM made this investment on May 21, 2021.
Afiniti is another company that has received investments from GAM, with the first investment made on October 23, 2018. Afiniti was founded in 2005 and is based in Bermuda.
GAM has also invested in Afiniti on October 28, 2016. Afiniti's founding year and location remain the same as before.
Here's a quick rundown of GAM's investments and acquisitions:
- 203K+ Acquisitions
- 2 investments in Afiniti
- 1 investment in Emboline
Our Thinking
We're in a unique economic situation, where surging gilt yields are putting pressure on the Chancellor, potentially leading to further tax rises or spending cuts.
Julian Howard, GAM's Chief Multi-Asset Investment Strategist, suggests we're in a new American era, with a strong economy benefiting from its relative isolation.
A strong economy is often accompanied by inflation, but in this case, inflation and the jobs market are surprisingly resilient.
The Fed is even pointing to 50 bps of rate cuts for 2025, a significant reduction from the 100 bps flagged in Q3.
This economic landscape is complex, but one thing is clear: investors need to be aware of risks around inflation and over-valuation.
The stock market is uniquely positioned to benefit from this new era, but it's essential to approach with caution.
Frequently Asked Questions
What happened with Gam?
GAM's share price plummeted by over 95% since January 2018 due to a scandal involving fund manager Tim Haywood and his ties to Greensill Capital, a now-defunct supply chain finance firm
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