Less than four months after investment manager GAM of New York and London was sold by parent UBS AG to bank giant Julius Baer of Zurich, Switzerland, GAM's five U.S.-based open-end mutual funds are going up for a full-scale review.

In a filing with the Securities and Exchange Commission earlier this month, GAM revealed that the board of directors of its funds will hold a board meeting in May and decide on the fate of the funds in the group. The filing indicated that the board's directors "have determined that it is in the best interests of the company that a review and evaluation of the future operations and strategic alternatives of each fund be undertaken." As such, the board will consider and address the current size of each fund as well as its prospects for growth.

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