The Swiss asset manager is a long-term investor of tech company Afiniti, where the founder has just stepped down amid allegations of sexual assault.
Zurich-based GAM is reviewing its three percent ownership of Afiniti after its company founder stepped down following accusations of sexual assault, according to an emailed statement by the funds house.
Founder Zia Chishti of Bermuda-based Afiniti was accused of sexual assault in a hearing of the U.S. House Judiciary Committee, as first reported by the «Financial Times» (behind a paywall). Former U.K. prime minister David Cameron, who was the company’s advisory board chairman, resigned from his role as a result.
GAM has asked Afiniti «for a full independent review of the allegations and associated corporate practices,» a spokeswoman for the funds house told finews.com on Friday. It has also put its ownership of the stock under active review.
