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A whistleblower who raised alarm at GAM told finews.asia he was made redundant by the troubled asset manager. The whistleblowing set into motion an existential crisis for GAM.  

A whistleblower who raised alarm at GAM is out at the struggling Swiss asset manager. The co-manager of GAM’s unconstrained bond fund blew the whistle on his long-time partner Tim Haywood 15 months ago, as finews.asia reported exclusively in September. 

«I can confirm that I was one of a number of senior portfolio managers made redundant in recent months», the 13-year GAM veteran told finews.asia. His exit comes shortly after GAM sacked Haywood for gross misconduct, a decision he is fighting. 

There are no winners from the whistleblowing: it cost CEO Alex Friedman his job, while top regulatory watchdog Natalie Baylis fled just three months after joining GAM. The scandal has sliced off two-thirds of GAM's market capitalization – now just $628 million – since it surfaced publicly.

«Hail Mary» Bid to Save GAM