Swiss asset manager GAM buys U.S.-based Singleterry Mansley

ZURICH Thu Jun 5, 2014 11:56am EDT

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ZURICH (Reuters) - Swiss asset management firm GAM Holding said on Thursday it was buying Singleterry Mansley Asset Management, a mortgage and asset-backed securities firm in the United States.

Zurich-based GAM said it hoped to complete the acquisition in June, when it plans to take over Singleterry Mansley's $397 million of assets under management.

(Reporting by Joshua Franklin)

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