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Profits, Assets Up At GAM

Swiss investment manager GAM announced underlying pre-tax 2017 profits of CHF172million today. Group CEO Alexander S. Friedman said: "Over the past three years, we have undertaken a top-to-bottom revamp of our business to create an investment management firm designed to gain market share in the new industry environment. We have refined our product range to ensure we have truly differentiated and scalable investment strategies, suited for the changing market conditions, and we have taken a myriad of steps to bolster our investment performance. It is gratifying to see that our well positioned, diversified, and performing products are now enabling the Group's...