(Bloomberg) If only it could all be blamed on those Cambridge boffins and their robots. GAM Holding AG can’t pin all of its troubles on its bet on a computer-driven hedge fund. The Swiss asset manager warned on Friday that profit would suffer as it wrote off $59 million of goodwill on its $217 million acquisition of Cantab Capital Partners LLP, a trend-following hedge fund it acquired in October 2016.
Blame Humans for This Robot Hedge Fund Malfunction
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