GAM and star manager accept liability as FCA fines them over Greensill links
By Neasa MacErlean
Swiss fund manager GAM and its formerhigh-profile fund manager Tim Haywood have been fined by the FCA “for conflictsof interest
and gifts & entertainment matters”. Penalties of £9.1 millionand £230,000 respectively are net of a 30 per cent reduction
after the parties“agreed to resolve all issue of fact and liability”.
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