Gartmore plans merger

Salih, Chris
August 2009
Money Marketing;8/27/2009, p32
The article reports on the proposal of Great Britain-based Gartmore PLC to merge its 46 million pounds safeguard fund into its multi-manager absolute fund. This move is attributed to the firm's feeling that the fund will struggle to maintain its track record. The safeguard fund has been managed by State Street's Christopher Flood since June 2007. The firm favours such merger as it aims to offer absolute returns over the long term but does not offer a guaranteed option.


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