We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
GPM Metals Inc | TSXV:GPM | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.01 | 9.09% | 0.12 | 0.10 | 0.12 | 0.12 | 0.11 | 0.11 | 9,500 | 20:34:03 |
Integrated Asset Management Corp. ("IAM") (TSX:IAM) and its real estate asset management group, GPM Investment Management ("GPM") announced that a client has given notice to GPM to terminate a segregated account managed by GPM effective February 29, 2012. For IAM's most recent fiscal year (September 30, 2011), this account represented approximately 8% of IAM total revenues and approximately 15% of IAM's total assets under management. Unlike GPM's core long-term funds, this segregated account was more opportunistic in its investment objectives with a high component of development properties and could be terminated by either party on 30 days' notice. This segregated account was set up in 2004 and the client increased commitments to the account since that time. The client has indicated to GPM that it has decided to reduce the number of asset managers that it deals with and to consolidate the properties with those of one of its other managers. As a result of the termination of this account, the realization of any related performance fees scheduled for fiscal 2014 will be brought forward to the current fiscal year. The calculation of the realized performance fees will be undertaken effective February 29, 2012. GPM is a wholly-owned subsidiary of IAM. IAM is one of Canada's leading alternative asset management companies with approximately $2.3 billion in assets and committed capital under management in private corporate debt, real estate, managed futures, global bonds, private equity and retail alternative investments.
1 Year GPM Metals Chart |
1 Month GPM Metals Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions