Latest news with #GAM
Yahoo
2 days ago
- Business
- Yahoo
Press Release: GAM Investments Strengthens European Equities Platform with Appointment of Leading Investment Team
GAM European Equity Team Photograph Zurich: 28 May 2025 PRESS RELEASE GAM Investments Strengthens European Equities Platform with Appointment of Leading Investment TeamTom O'Hara, Jamie Ross and David Barker join GAM Investments to manage flagship GAM Star European Equity and Continental European Equity funds GAM Investments is pleased to announce the appointment of a new European Equities team comprising Tom O'Hara, Jamie Ross and David Barker. As of 15 May 2025, the team has assumed investment management responsibilities for the GAM Star European Equity and GAM Star Continental European Equity funds. This highly regarded investment team brings with them a style-agnostic, high-conviction investment approach that complements GAM's longstanding heritage in European equities. The appointment marks a further milestone in GAM's transformation and ongoing commitment to investment excellence. Tom O'Hara, Investment Director, European Equities at GAM, commented: 'It's great to be joining GAM. This is a very exciting time in the company's turnaround, supported by a long-term focused majority owner and a strong, investment-led culture that traces its roots to Gilbert de Botton. On a personal level, my investing career started thanks to John Bennett - who spent 17 years at GAM managing European Equities and always spoke highly of the firm's investment ethos. So, it really feels like a natural fit for us to be here.' 'Our approach will remain consistent with our past. We are managing a concentrated, high-conviction portfolio of around 30 stocks, using our straightforward and repeatable framework, . This combines expected earnings growth, cash return and valuation change to assess whether a company's return potential exceeds that of the broader market.' A core, consistent and transparent investment process While the team brings a fresh perspective, they remain committed to delivering a core, flexible, style-agnostic strategy which builds on the legacies of both GAM and their own history as successful European equity investors. Their process is grounded in fundamental research and offers clear, data-driven insights for clients. , 'We want to be open-source. That means sharing our investment insights, process and return assumptions with clients transparently and consistently across all our communications.' A turning point for Europe The team also believes the macro backdrop is shifting decisively in Europe's favour. 'For decades, cheap valuations alone weren't enough to catalyse change in Europe. But that's no longer the case. Geopolitical realignment sparked, in part, by the return of Donald Trump who has done more for EU unity than any post-war president,' . 'We're seeing a more assertive Europe: a looser fiscal stance in Germany, more coherent messaging from EU leaders, and growing momentum for innovation, investment, and regulatory simplification.' 'Europe has a generational opportunity to redefine itself that demands cohesive action across industrial policy, energy security and tech sovereignty. These shifts will create a new generation of winners across the region. We believe this marks a key turning point for the European equity market.' Elmar Zumbuehl, Group CEO of GAM Investments, added 'We are delighted to welcome Tom, Jamie and David to GAM. Their fresh approach, tight teamwork and use of advanced technology to focus on what really matters fully embraces the transformational changes underway in active investing. Their arrival significantly strengthens our specialist active equity offering and with investor interest returning to Europe, we see this as a powerful step forward for GAM's specialist active equities platform and our clients.' Investors are encouraged to contact their local GAM relationship manager to learn more about the strategies or meet the team through upcoming events, webinars and roadshows. Editorial Information: Video: Introduction to European Equities at GAM – Tom O'Hara, David Barker and Jamie Ross. Team Bios: Tom O'Hara, Investment Director, is responsible for the management of European Equity funds at GAM, alongside Jamie Ross and David Barker. Before joining GAM Investments in May 2025, he spent 7 years managing European equity funds at Janus Henderson Investors. Prior to this, he spent 8 years as a sell side equity research analyst covering the metals and mining sector. He began his career in the treasury of Northern Rock plc. He has 19 years of financial industry experience and received his BA degree (Hons) in economics from Newcastle University. He is passionate about the role of emerging technologies in shaping active investing and was an early investor in Quartr, a Swedish fintech platform, where he continues to serve as a non-executive adviser. David Barker, Investment Manager, is responsible for the management of European Equity funds at GAM. Before joining GAM Investments in May 2025, he was a Research Analyst on the European Equities Team at Janus Henderson Investors, a position he had held since 2021. Prior to this, he was Research Analyst specialising in Aerospace & Defence and Industrials at Bank of America Merrill Lynch, where he started in 2017. David graduated with a BA degree in History from Somerville College, University of Oxford and has 9 years of financial industry experience. Jamie Ross, Investment Manager, is responsible for the management of European Equity funds at GAM. Before joining GAM Investments in May 2025, he was a Portfolio Manager on the European Equities Team at Janus Henderson Investors, a position he had held since 2016. Prior to this, he was a portfolio manager on the UK Equities Team, where he co-managed a UK equities pooled fund. He started his career with Henderson in 2007. Jamie graduated with a BA degree (Hons) in economics from Durham University. He holds the Chartered Financial Analyst designation and has 18 years of financial industry experience. For further information please contact: Colin Bennett | GAM Media Relations T +44 (0) 20 73 938 544 Visit us: us: X and LinkedIn About GAM GAM Investments is a highly scalable global investment platform with strong global distribution capabilities focusing on three core areas, Specialist Active Investing, Alternative Investing and Wealth Management, that is listed in Switzerland. It delivers distinctive and differentiated investment solutions across its Investment and Wealth Management businesses. Its purpose is to protect and enhance clients' financial future. It attracts and empowers brightest minds to provide investment leadership, innovation and a positive impact on society and the environment. Total assets under management were CHF 16.3 billion as of 31 December 2024. GAM Investments has global distribution with offices in 14 countries and is geographically diverse with clients in almost every continent. Headquartered in Zurich, GAM Investments was founded in 1983, and its registered office is at Hardstrasse 201 Zurich, 8037 Switzerland. For more information about GAM Investments, please visit Other Important Information This release contains or may contain statements that constitute forward-looking statements. Words such as 'anticipate', 'believe', 'expect', "estimate", "aim", 'project', 'forecast', "risk", 'likely', 'intend', 'outlook', 'should', 'could', "would", 'may', 'might', "will", "continue", "plan", "probability", "indicative", "seek", 'target', 'plan' and other similar expressions are intended to or may identify forward-looking statements. Any such statements in this release speak only as of the date hereof and are based on assumptions and contingencies subject to change without notice, as are statements about market and industry trends, projections, guidance, and estimates. Any forward-looking statements in this release are not indications, guarantees, assurances or predictions of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the person making such statements, its affiliates and its and their directors, officers, employees, agents and advisors and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct and may cause actual results to differ materially from those expressed or implied in any such statements. You are strongly cautioned not to place undue reliance on forward-looking statements and no person accepts or assumes any liability in connection therewith. This release is not a financial product or investment advice, a recommendation to acquire, exchange or dispose of securities or accounting, legal or tax advice. It has been prepared without taking into account the objectives, legal, financial or tax situation and needs of individuals. Before making an investment decision, individuals should consider the appropriateness of the information having regard to their own objectives, legal, financial and tax situation and needs and seek legal, tax and other advice as appropriate for their individual needs and jurisdiction. Attachments GAM Investments Strengthens European Equities Platform with Appointment of Leading Investment Team_En GAM European Equity Team PhotographSign in to access your portfolio
Economic Times
3 days ago
- Business
- Economic Times
Greenland dumps Donald Trump, signs lucrative minerals deal with Europe in a major blow to the president
Greenland has granted a 30-year mining permit to a Danish-French consortium, Greenland Anorthosite Mining (GAM), for anorthosite extraction, a key component in fiberglass production. This move effectively sidelines US President Donald Trump's ambitions to acquire a strategic foothold in the Arctic. Tired of too many ads? Remove Ads European Consortium Gets the Green Light Who's Behind the Minerals Deal? Donald Trump's Greenland Dream Fades Tired of too many ads? Remove Ads Greenland Pushes Back European Partners Step Up Trump's Long-Term Thinking FAQs Greenland has handed a 30-year mining permit to a Danish-French consortium to extract minerals, shutting the door on US president Donald Trump's much-publicised ambitions to gain a strategic foothold in the Arctic, as per a licence, issued to Greenland Anorthosite Mining (GAM), greenlights anorthosite extraction, a white rock composed mainly of aluminum, micro silica, and calcium , which will be crushed and then shipped to the fibreglass industry, as per READ: Want to work for Warren Buffett? Here's what you could earn at Berkshire Hathaway, according to new report According to Reuters, GAM is backed by the French company Jean Boulle Group and real estate investment firms from Denmark and comes amid the US president publicly expressing his interest in acquiring the autonomous island, which is currently a part of the Kingdom of Denmark and is very rich in minerals, oil and natural gas, as per Newsweek report. Recently, Trump said, "We need Greenland very badly," quoted READ: How much will U.S. debt increase with passage of Trump's big, beautiful bill? Here's the whopping amount However, Greenland's mineral resources minister Naaja Nathanielsen pointed out that United States interest in Greenland has not resulted in any investment, and the deal indicates that business dialogue with European partners was progressing more swiftly, Newsweek said, "We have welcomed a number of investors, but we have not yet seen any concrete example of American funds being injected into Greenland's business community," as quoted in the Newsweek also said that many private US business delegations had visited the region this year, and even though the Trump administration has shown interest, no formal dialogue with the Trump administration had started, as per Newsweek. Nathanielsen also highlighted that the US had no plans for direct investment, according to the report. While, she mentioned that the cooperation with both the EU and Denmark was progressing more smoothly, Newsweek associate professor at Aalborg University in Denmark, Jesper Willaing Zeuthen, pointed out that the US president's interest in resources from Greenland would mostly be focused more on long-term investment objects and securing the minerals in the future, but would not be for immediate development of mines, as per to their mineral resources minister, cooperation with Europe is smoother and more gave a 30-year mining permit to a Danish-French company to extract anorthosite, a rock used in fiberglass and aluminum production.
Jordan News
4 days ago
- Business
- Jordan News
15 New Electric Buses to Operate in Amman in the Second Half of 2025 - Jordan News
15 New Electric Buses to Operate in Amman in the Second Half of 2025 The Greater Amman Municipality (GAM) has purchased 15 new electric buses that will begin operating in the second half of 2025 as part of the Amman Bus and Bus Rapid Transit (BRT) projects. اضافة اعلان According to Carol Haddad, the head of transport network design at GAM, the current fleet includes approximately 300 buses—175 for the BRT system and 131 for Amman Bus. Haddad noted that during the first third of 2025, around 7,208,228 passengers used the BRT system, while 3,593,044 passengers used Amman Bus services, highlighting growing demand for public transportation in the capital. GAM previously announced that the number of fare-exempt cards issued for senior citizens and persons with disabilities reached 33,390 cards as of last Friday. These cards have been used for over 9 million trips since the launch of the system—2,246,913 trips on BRT buses and 6,885,475 trips on Amman Bus. Amman's Bus Rapid Transit is the city's first high-capacity rapid public transport system. It offers a flexible, safe, and highly reliable service using large-capacity buses that run on dedicated lanes with frequencies as short as every 3 minutes. The system also includes fully integrated and modern transit stations. Al-Mamlaka TV
Time of India
23-05-2025
- Business
- Time of India
Blow to Trump: 10 points on rare earth minerals deal Greenland has signed with Europe
In a massive blow to US President Donald Trump, Greenland has allowed a Danish-French consortium to mine a rock which is key to the production of aluminum. On Wednesday, Greenland granted a 30-year mining license to a Danish-French mining consortium seeking to extract a moon-like rock that may serve as a climate-friendly alternative in aluminum production. Donald Trump continues to insist that the US could 'get' Greenland, which is part of the kingdom of Denmark, despite Copenhagen saying that's impossible. Vice President JD Vance visited Greenland in March for a quick stop at the US military base there after island residents rejected a broader visit. During that trip, Vance scolded Denmark but acknowledged that Greenland would control its own sovereignty — while still suggesting that it may want to make a deal with the United States. But Trump's talks of annexing Greenland is still in talking stage. ALSO READ: Hidden provision in Trump's 'big, beautiful bill' might undermine US Supreme Court authority Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Chuck Norris: I Stay Away From These 3 Foods Like The Plague Roundhouse Provisions Learn More Undo Here are ten points about the Greenland-Europe minerals deal: -Greenland has granted a Danish-French consortium the right to exploit a type of rock essential for aluminum production, but used in various industries, including the glass fiber industry. -The permit was issued to Greenland Anorthosite Mining (GAM) for the extraction of anorthosite—an important mineral—following earlier interest from U.S. President Donald Trump in purchasing the autonomous island, which is part of the Kingdom of Denmark. Live Events -According to Reuters, GAM, supported by the French company Jean Boulle Group and real estate investment funds from Denmark and Greenland, has been granted an exploitation permit for the next 30 years. ALSO READ: Trump's 'Big, beautiful bill' is here: Who are the top gainers and losers? Check details -Jesper Willaing Zeuthen, associate professor at Aalborg University, in Denmark, told Newsweek Trump's interest in Greenland's resources is likely to be more in securing long-term investment objects which is difficult under current Greenlandic legislation. -Greenland Anorthosite Mining (GAM) has received approval to mine anorthosite—a white rock primarily made up of aluminum, micro silica, and calcium. The company intends to export the crushed material from western Greenland for use in the fiberglass manufacturing industry. -In announcing the 30-year permit, Greenland's Mineral Resources Minister Naaja Nathanielsen said the goal was to scale the project to become a climate-friendly alternative to bauxite in producing aluminum for aircraft, vehicles and defense. -Although business delegates from the US visited the island this year, the rhetoric of the Trump administration has not resulted in formal dialogue or direct investments. Collaboration with the EU and Denmark is proceeding more smoothly, the minister added. ALSO READ: 'Stranger Things' Season 5: Dates, episode titles, cast members and other details about the final season's release -Greenland gained international attention after President Trump voiced interest in purchasing the Arctic island, known for its wealth of minerals, oil, and natural gas. However, Greenland's Minister for Mineral Resources, Naaja Nathanielsen, stated that despite US interest, no investments have materialized. She noted that business discussions with European partners are advancing at a faster pace. -Jesper Willaing Zeuthen, associate professor at Aalborg University in Denmark, told Newsweek on Thursday that Trump's interest in resources from Greenland is likely to focus more on long-term investment objects, and securing the minerals in the future but not the immediate development of mines. -GAM is supported by the Jean Boulle Group, a French investment firm, along with state investment funds from both Greenland and Denmark. Speaking to Newsweek, Zeuthen noted that the company will still need to secure additional investors to move forward with construction—a stage at which many similar projects have previously stalled.
Time of India
23-05-2025
- Business
- Time of India
Did Trump punish EU over Greenland minerals deal?
U.S. President Donald Trump on Friday announced sweeping 50% tariffs on all goods imported from the European Union, escalating tensions in transatlantic trade. In a post on Truth Social, Trump declared: 'The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with. Their powerful Trade Barriers, VAT Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against American companies, and more, have led to a trade deficit with the U.S. of more than $250 billion a year, a number which is totally unacceptable... Therefore, I am recommending a straight 50% tariff on the European Union, starting on June 1, 2025. There is no tariff if the product is built or manufactured in the United States.' While the move was officially framed as a response to long-standing trade disputes, it comes on the heels of a significant minerals deal between the EU and Greenland—raising questions about whether the tariffs were also a retaliatory gesture. Greenland, a resource-rich autonomous territory of the Kingdom of Denmark, recently issued a 30-year mining permit to a Danish-French consortium, effectively sidelining U.S. interests in the Arctic region. The license allows Greenland Anorthosite Mining (GAM) to extract anorthosite—a white rock rich in aluminum, micro silica, and calcium—intended for export to the fiberglass industry. According to Newsweek, the permit was granted to GAM, a company backed by the French Jean Boulle Group and real estate investment firms from Denmark and Greenland. Live Events The decision comes as a blow to Trump, who had previously expressed public interest in acquiring Greenland, citing its strategic location and abundance of natural resources, including rare minerals, oil, and natural gas. Many analysts interpreted the EU-Greenland deal as a diplomatic snub, potentially fueling Trump's aggressive response. While the White House has not officially linked the tariffs to the Greenland deal, the timing has led to widespread speculation that the EU's growing presence in the Arctic—at the expense of U.S. ambitions—may have contributed to Trump's latest trade offensive.
