GAM - General American Investors Company, Inc.

NYSE - NYSE Delayed Price. Currency in USD
36.11
+0.03 (+0.08%)
At close: 4:02PM EDT
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Previous Close36.08
Open36.02
Bid33.18 x 800
Ask38.95 x 3100
Day's Range36.02 - 36.26
52 Week Range32.20 - 36.59
Volume54,873
Avg. Volume39,028
Market Cap942.168M
Beta1.19
PE Ratio (TTM)9.84
EPS (TTM)3.67
Earnings DateFeb 1, 2016 - Feb 5, 2016
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2018-02-02
1y Target EstN/A
Trade prices are not sourced from all markets
  • EM Slowdown 'Closer to the End Than the Beginning,' Says GAM's Howard
    Bloomberg Video6 days ago

    EM Slowdown 'Closer to the End Than the Beginning,' Says GAM's Howard

    Aug.15 -- Julian Howard, head of multi-asset solutions at GAM, discusses the attractiveness of emerging markets as he sees the U.S. economy slowing the Federal Reserve's rate path. He speaks with Bloomberg's Francine Lacqua on "Bloomberg Surveillance."

  • GAM to Liquidate Nine Funds of Suspended Manager Haywood
    Bloomberg Video10 days ago

    GAM to Liquidate Nine Funds of Suspended Manager Haywood

    Aug.10 -- GAM Holding will wind down nine funds after the suspension of manager Tim Haywood triggered redemption requests. Bloomberg's Jan-Henrik Foerster reports on "Bloomberg Markets: European Close."

  • Turkey's Market Rout 'Can Be Contained,' Says GAM's McNamara
    Bloomberg Video10 days ago

    Turkey's Market Rout 'Can Be Contained,' Says GAM's McNamara

    Aug.10 -- Paul McNamara, director for EM fixed income at GAM Investment, discuses contagion concerns related to Turkey's economic issues and the impact capital controls could have on emerging markets. He speaks with Bloomberg's Alix Steel on "Bloomberg Daybreak: Americas."

  • GAM Shares Plunge After Asset Manager Freezes Fund
    Bloomberg Video18 days ago

    GAM Shares Plunge After Asset Manager Freezes Fund

    Aug.02 -- GAM Holding AG slumped the most in nine years after the Swiss asset manager suspended Tim Haywood, the manager of its flagship absolute return bond strategy, and warned of risks to its investment flows. Bloomberg's Sridhar Natarajan speaks with Bloomberg's Lisa Abramowicz and Scarlet Fu on "Bloomberg Markets."

  • Days Before Suspension, Haywood’s Clients Fled GAM Feeder Fund
    Bloomberg4 days ago

    Days Before Suspension, Haywood’s Clients Fled GAM Feeder Fund

    In the days leading up to Tim Haywood’s suspension, one of his funds at Switzerland’s GAM Holding AG was showing an unusual pattern. The GAM Absolute Return Bond Fund - Master Fund, an Australian dollar-denominated pool that had attracted fairly steady inflows throughout the year, was suddenly seeing a sharp spike in withdrawals. Within a few weeks, the feeder fund lost three-quarters of its assets, leaving it with A$293 million ($214 million) by the end of last month, according to data compiled by Bloomberg.

  • How Easy Is it to Unwind $7 Billion of Investments?
    Bloomberg7 days ago

    How Easy Is it to Unwind $7 Billion of Investments?

    GAM Holding AG should be applauded for moving swiftly to resolve the crisis engulfing its 7.3 billion Swiss francs ($7.3 billion) of unconstrained absolute return bond funds. GAM said on Friday it has decided to liquidate the nine funds “to maximize liquidity and value for investors.” Here are five questions that clients should be asking GAM's leaders, including Chief Executive Officer Alexander Friedman, as a matter of urgency. How big are the redemption requests?

  • The Wall Street Journal7 days ago

    [$$] Trump's New Tax Idea Could Be a Big Boon for These Ancient Funds

    The recent discussion about a change in capital gains taxation is making hearts beat faster, especially among a small group of die-hard fans of closed-end funds. That could be a boon for some of the ancient funds we wrote about early last year -- funds that survived the 1929 stock market crash, then marched along, offering solid performance, high yields, cheap valuations, and strong share-buyback programs. (ticker: CET), Adams Diversified Equity (ADX), General American Investors (GAM), and Tri-Continental (TY).

  • Bloomberg8 days ago

    GAM Fund Liquidations Sends Shares Down as Credibility Seen Hit

    GAM Holding AG shares continued their slide after the Swiss asset manager said it would liquidate some funds run by suspended manager Tim Haywood. The stock fell as much as 5.7 percent in Zurich, their third straight day of declines, as investors reacted to the loss of around $7.3 billion in assets from winding down some funds announced late Friday and associated management fees from managing those funds. “The credibility of GAM’s management remains impaired,” Zuercher Kantonalbank analyst Michael Kunz wrote in a note to clients.

  • Barrons.com10 days ago

    [$$] Trump's New Tax Idea Could Be a Big Boon for These Ancient Funds

    The recent discussion about a change in capital gains taxation is making hearts beat faster, especially among a small group of die-hard fans of closed-end funds. The funds included Central Securities (CET), Adams Diversified Equity (ADX), General American Investors (GAM), and Tri-Continental (TY). One theory for the discount is that funds are sitting on hefty unrealized gains.

  • GAM Says Haywood's Investment Strategy Was Legitimate
    Bloomberg15 days ago

    GAM Says Haywood's Investment Strategy Was Legitimate

    The bond manager suspended by GAM Holding AG last week didn’t depart from a legitimate investment strategy, the asset manager said in a letter to investors. No employees other than Tim Haywood, who oversaw the firm’s 11 billion franc ($11.1 billion) absolute return bond strategy, are being investigated by GAM, the Swiss investment company said in a letter dated Aug. 2, providing some additional details about the background to the disciplinary measures. Clients had rushed to pull their money from the products overseen by Haywood in the wake of his suspension, leading the money manager to freeze redemptions at the funds.

  • GAM Outlines Haywood's Alleged Breaches From Gifts to Signatures
    Bloomberg15 days ago

    GAM Outlines Haywood's Alleged Breaches From Gifts to Signatures

    The top bond manager suspended by GAM Holding AG may have breached due diligence requirements and signed contracts alone where two signatures were required, the company said. Tim Haywood may have in certain instances failed “in GAM’s judgement, to conduct or evidence sufficient due diligence on some of the investments that were made, or make accessible internal records of documents relating to these,” the Swiss asset manager said in a Q&A published on its website Monday. Haywood also breached the company’s gifts and entertainment policy by not seeking the required pre-approval and used his own personal email for work, GAM said.

  • GAM Shares Plunge After Asset Manager Freezes Fund
    Bloomberg18 days ago

    GAM Shares Plunge After Asset Manager Freezes Fund

    GAM Holding AG slumped the most in nine years after the Swiss asset manager suspended Tim Haywood, the manager of its flagship absolute return bond strategy, and warned of risks to its investment flows. ...

  • Business Wire18 days ago

    General American Investors Files Certified Shareholder Report for Period Ended June 30, 2018

    General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange , filed with the U.S. Securities and Exchange Commission its Certified Shareholder Report for the six month period ended June 30, 2018.

  • GAM Halts Some Bond Fund Withdrawals Following Manager Suspension
    Bloomberg19 days ago

    GAM Halts Some Bond Fund Withdrawals Following Manager Suspension

    GAM Holding AG froze withdrawals from some bond funds as clients sought to pull their money after the suspension of fund manager Tim Haywood. Bloomberg's Elisa Martinuzzi reports on "Bloomberg Surveillance." ...

  • Reach for Yield Finally Claims a Fund Victim
    Bloomberg19 days ago

    Reach for Yield Finally Claims a Fund Victim

    In April 2004, Swiss fund manager GAM Holding AG launched one of the first unconstrained fixed-income strategies for investors. Clients appreciated “the stability of the team, which since inception has remained largely unchanged under the leadership of Tim Haywood,” GAM said in its 2016 annual report.

  • Fleeing Investors Heighten Strain on $165 Billion Swiss Firm
    Bloomberg19 days ago

    Fleeing Investors Heighten Strain on $165 Billion Swiss Firm

    Alexander Friedman is struggling to contain the damage of a series of troubling missteps at the Swiss investment firm he’s run since 2014. The latest came this week, when GAM Holdings AG took the unusual step of freezing withdrawals from some of its bond funds following what amounted to a run on those portfolios. The reason for investors’ angst: news that GAM had suspended a prominent money manager for possible problems with risk management and record keeping.

  • GAM Shares Slump as Head of Flagship Bond Fund Is Suspended
    Bloomberg20 days ago

    GAM Shares Slump as Head of Flagship Bond Fund Is Suspended

    GAM Holding AG saw shares fall the most in nine years after suspending top bond manager Tim Haywood following a probe of his risk management procedures and record keeping. Bloomberg's Lisa Abramowicz reports ...

  • GAM's Problems Go Way Beyond Its Ousted Manager
    Bloomberg21 days ago

    GAM's Problems Go Way Beyond Its Ousted Manager

    It’s been a terrible couple of weeks for GAM Holding AG. Earlier this month, GAM said it was writing off $59 million of goodwill from its acquisition of hedge fund Cantab Capital Partners, for which it paid $217 million in October 2017. On Tuesday, it announced the suspension of Tim Haywood, the portfolio manager of its flagship absolute return bond fund after investigating “some of his risk management procedures and his record-keeping.” Clients are likely to withdraw money as a result, GAM said.

  • GAM Slumps as Top Bond Manager Haywood Suspended Amid Probe
    Bloomberg21 days ago

    GAM Slumps as Top Bond Manager Haywood Suspended Amid Probe

    GAM Holding AG slumped the most in nine years after the Swiss investment firm suspended the manager of its flagship bond fund and warned that the disciplinary action, together with volatile market conditions, may lead to outflows. GAM took action against Tim Haywood, who heads the 11 billion franc ($11.1 billion) absolute return bond strategy, after an investigation revealed issues with his risk management procedures and record keeping. It’s the latest blow to Chief Executive Officer Alex Friedman after the firm earlier this month issued a profit warning following an impairment charge at its Cantab quant fund unit.

  • Business Wirelast month

    General American Investors Company Reports Quarterly Dividend and Distribution on 5.95% Preferred Stock

    This quarterly dividend and distribution represents a payment for the accrual period from June 25, 2018 through September 23, 2018. General American Investors was founded in 1927, has been publicly traded since its inception and has been listed on the NYSE since 1930. The objective of the Company is long-term capital appreciation through investment in companies with above average growth potential.

  • Blame Humans for This Robot Hedge Fund Malfunction
    Bloomberglast month

    Blame Humans for This Robot Hedge Fund Malfunction

    The Swiss asset manager warned on Friday that profit would suffer as it wrote off $59 million of goodwill on its $217 million acquisition of Cantab Capital Partners LLP, a trend-following hedge fund it acquired in October 2016. The hoped-for growth in assets under management and performance fees never materialized. At the time of the purchase, Cantab had about $4 billion of assets under management.

  • Business Wire4 months ago

    General American Investors Reports Net Assets as of March 31, 2018

    General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange , reported net assets applicable to the Company’s common stock as of March 31, 2018 of $1,037,082,348 as compared with net assets applicable to its common stock of $1,070,483,445 at December 31, 2017.

  • Business Wire4 months ago

    General American Investors Company, Inc. Quarterly Dividend and Distribution on 5.95% Preferred Stock

    The Board of Directors of General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange , declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on June 25, 2018 to holders of record on June 7, 2018.

  • April Top Cheap Stocks To Buy
    Simply Wall St.4 months ago

    April Top Cheap Stocks To Buy

    General American Investors Company and Resource Capital are companies that are currently trading below what they’re actually worth. Smart investors can make money from this discrepancy by buying these shares,Read More...

  • Business Wire6 months ago

    General American Investors Files Certified Shareholder Report for Year Ended December 31, 2017

    General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange , filed with the U.S. Securities and Exchange Commission its Certified Shareholder Report for the year ended December 31, 2017.