the company said.The company last week said it expects assets under management to have stabilised by the end of the year. It said assets under management were set to rise to around 136 billion Swiss francs as of June 30 from 132.2 billion francs at the end of 2018,still down from 163.8 billion francs in June 2018. ($1 = 0.9850 Swiss francs) (Reporting by John Revill Editing by Shri Navaratnam)GAM said the sale will result in an average of 100.5% of net asset value being returned to clients relative to the valuations when the liquidation of funds started,July 16 (Reuters) – GAM Holding has finished liquidating the absolute return bond funds (ARBF) the Swiss asset manager decided to wind down after it accused a senior executive of breaking its rules.Zurich-based GAM sacked Tim Haywood in February for gross misconduct,accusing him of potential conduct issues related to failure to perform sufficient due diligence and failure to make accessible some internal records.We are very pleased that we will be making the final payment to our ARBF investors over the coming weeks,it said late on Monday.The money manager was also accused of breaching GAMs signatory policy and may have used his personal email for work purposes,the funds was valued at 11 billion Swiss francs ($11.17 billion).Clients have already received funds equivalent to 8995% of the Luxembourg-regulated GAM Multibond and the Ireland-regulated GAM Star funds and 8084% of the assets of the Cayman master funds and the associated Cayman and Australian feeder funds,The final payments to clients are expected to be made by the end of July 2019.The embattled company has received all the proceeds from selling the remaining ARBF investments it held and would be returning the cash to investors,Chief Executive David Jacob said. We would like to thank all our clients for their continued patience during the liquidation process.Before it decided to liquidate the funds last September,GAM said.All quotes delayed a minimum of 15 minutes. Seehere for a complete listof exchanges and delays.as well as contravening its companys gifts and entertainment policy. He has pledged to clear his name.Haywoods suspension last year triggered an investor exodus and a 75% plunge in the GAMs shares in 2018,although the stock has recovered slightly this year.ZURICH,