KM Financial Solutions | UPDATE 1-Facing big loss, Swiss asset manager GAM cuts staff, dividend
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UPDATE 1-Facing big loss, Swiss asset manager GAM cuts staff, dividend

UPDATE 1-Facing big loss, Swiss asset manager GAM cuts staff, dividend

Swiss asset manager GAM Holding
AG will cut staff by a tenth and omit a 2018 dividend,
it said on Thursday, forecasting a 2018 net loss of around 925
million Swiss francs ($931 million) as it shakes up its
embattled business.

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