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GAM and star manager accept liability as FCA fines them over Greensill links

Compliance Monitor

GAM and star manager accept liability as FCA fines them over Greensill links

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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