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asset manager

GAM to wind down Greensill Supply Chain Finance Fund

GAM to wind down Greensill Supply Chain Finance Fund

  • Our portfolio is comprised of investment grade assets and we do not have any valuation concerns. As such we anticipate an orderly liquidation and return of client assets in the normal course.
  • The move came a day after Credit Suisse said it was closing its supply chain finance funds linked to supply chain finance firm Greensill.
Published 02 Mar, 2021 06:23pm
Mediolanum FY net profit down 23pc, proposes dividend of 0.78 euro/share
Business & Finance

Mediolanum FY net profit down 23pc, proposes dividend of 0.78 euro/share

  • The bank, which offers its products and services in Italy, Germany and Spain, posted a net profit of 434.5 million euros ($528 million) last year, mainly due to lower performance fees.
  • Milan-based Mediolanum added its 2020 assets under management and administration increased 10% to 93.3 billion euros compared with the previous year.
Published 11 Feb, 2021 08:04pm