ZURICH (Reuters) – GAM will transfer the UK equity income fund to Jupiter along with two portfolio managers, the Swiss asset manager said on Monday.
“There will be a seamless transition for clients to continue to invest in the fund,” GAM said in a statement.
The agreement to transfer the fund will result in a 12-month mutual revenue sharing arrangement. The fund will be transferred in 2024.
(Reporting by Noele Illien; Editing by Miranda Murray)