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.


In Depth

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.