GAM declined an offer from Schroders for its Systematic division , which manages the global quantitative hedge fund . The Swiss ##atic management is reportedly in talks with potential buyers for some or all of its business as it seeks to acquire the company . GAM is concerned that offloading Systematic , one of its most successful acquisitions , would hamper its chances of acquiring the whole company .
GAM declined an offer from Schroders for its Systematic division, which manages the Cantab quantitative hedge fund. The Swiss asset manager is reportedly in talks with potential buyers for some or all of its business as it seeks to stabilise the company. GAM is concerned that offloading Systematic, one of its most successful units, would hamper its chances of selling the whole company.