Gartmore Funds Mull Firing Firm

Sep 8 2010 | 3:36pm ET

The Gartmore Growth Opportunities fund may soon be losing the “Gartmore.”

The fund, one of Gartmore Group’s largest, has filed a notice of termination with Gartmore following the resignation of its manager, Gervais Williams. Another of Williams’ funds, the Irish Growth, is considering a similar move.

The board of the Growth Opportunities fund said it wasn’t firing Gartmore—yet. The fund described the move as “protective” and said it had yet to decide whether to continue its relationship with Gartmore or follow Williams, who is expected to join another asset manager.

Both Growth Opportunities and Irish Growth have been speaking to shareholders in recent days to gauge their interest in retaining Gartmore.

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