GAM Holding AG provided earnings guidance for the first half of 2018. For the period the company expects to report an underlying profit before taxes, which excludes non-recurring and acquisition-related items, of approximately CHF 91 million including approximately CHF 2 million of performance fees for the first half of 2018. The Group expects to incur a non-cash impairment charge of approximately CHF 59 million, net of taxes, on the intangible assets (investment management and client contracts) related to the original funds of Cantab Capital Partners acquired in October 2016. The Group expects to report an IFRS net profit for the first half of 2018 of approximately CHF 25 million.