GAM expects to report an underlying pre-tax loss of between CHF 45 and CHF 50 million in 2023.
This is an increase on the CHF 42.8 million underlying pre-tax loss for the full year 2022.
GAM said it also expects to report an IFRS net loss after tax of between CHF 105 and 110 million for 2023, a substantial decrease to the CHF 309.9 million in 2022.
This news follows the failed takeover of GAM by Liontrust Asset Management, which was derailed by shareholder group ...
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