{"id":64714,"date":"2018-07-16T01:38:13","date_gmt":"2018-07-16T05:38:13","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=64714"},"modified":"2018-07-16T01:38:13","modified_gmt":"2018-07-16T05:38:13","slug":"swiss-gam-sees-h1-profit-hit-from-cantab-writedowns","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2018\/swiss-gam-sees-h1-profit-hit-from-cantab-writedowns.html","title":{"rendered":"Swiss GAM Sees H1 Profit Hit From Cantab Writedowns"},"content":{"rendered":"<p>\n(Reuters) GAM Holding AG will take an impairment charge of around 59 million Swiss francs ($58.9 million) related to its 2016 acquisition of British hedge fund Cantab Capital Partners, the Swiss group said while flagging a sharp drop in first-half profit. The writedown reflects \u201clower assets under management and cash flows compared with those forecast at the time of the Cantab acquisition\u201d, it added in a statement on Friday.<\/p>\n<p><a href=\"https:\/\/www.reuters.com\/article\/gam-holdg-results\/swiss-gam-sees-h1-profit-hit-from-cantab-writedowns-idUSL8N1U9152\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) GAM Holding AG will take an impairment charge of around 59 million Swiss francs ($58.9 million) related to its 2016 acquisition of British hedge fund Cantab Capital Partners, the Swiss group said while flagging a sharp drop in first-half [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-64714","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/64714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=64714"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/64714\/revisions"}],"predecessor-version":[{"id":64715,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/64714\/revisions\/64715"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=64714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=64714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=64714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}