Deals
GAM Offering Star Fund Managers Special Retention Bonuses
- Asset manager is seeking to retain top employees amid turmoil
- Swiss firm has been hit by client withdrawals, CEO has left
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GAM Holding AG is offering a special retention bonus to key fund managers, people with knowledge of the matter said, the latest measure by the asset manager to halt billions of dollars in outflows.
The Zurich-based firm has offered deferred payments to money managers, the people said, asking not to be identified as the plan is private. The payments would be made over a two-to-three year period, one of the people said.