GAM, an advisory firm, problems a profit warning due to market fluctuation. | Best of Business Today
Home News GAM, an advisory firm, problems a profit warning due to market fluctuation.

GAM, an advisory firm, problems a profit warning due to market fluctuation.

GAM, an advisory firm, problems a profit warning due to market fluctuation.
GAM Holding expects to submit a loss for the primary half of 2022, the Swiss asset supervisor mentioned on Monday, citing a risky market surrounding which has led to falling.

GAM Holding expects to submit a loss for the primary half of 2022, the Swiss asset supervisor mentioned on Monday, citing a risky market surrounding which has led to falling in its property underneath administration.

The corporate expects to report an underlying loss earlier than a tax of roughly 15 million Swiss francs ($15.37 million)in comparison with an 800,000 franc revenue for the primary half of 2021, it mentioned.

Whole property underneath administration has declined to 85.2 billion francs from 99.8 billion on the finish of 2021, it added, primarily resulting from damaging market actions.