Billionaire Investor Gabelli Builds Three Percent Stake in GAM
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Billionaire U.S. money manager Mario Gabelli built a stake of around 3 percent in GAM Holding AG, according to a regulatory filing from the Swiss stock exchange.
GAM’s shares have been on a downward trajectory all year and plunged at the end of July following Haywood’s suspension. The stock is down more than 60 percent in 2018.