Another Exit As Institutional Sales Chief Leaves Gartmore

Nov 29 2010 | 12:30pm ET

Troubled hedge fund Gartmore Group has suffered another high-level departure with the exit of Angus Woolhouse.

Woolhouse, formerly head of global institutions at London-based Gartmore, has been named CEO of asset management at Matrix Group. He will begin his new job at the £4 billion firm on Dec. 1.

"His outstanding credentials will ensure that we continue to focus on distributing innovative products to a broad range of clients supported by a high-quality infrastructure as we enter the next phase of our growth strategy," Matrix CEO Chris Merry said.

For Gartmore, Woolhouse's exit is just the latest in a string of resignations, including that of star hedge fund manager Roger Guy. Guy's retirement has resulted in billions of dollars in redemptions from the firm, which has since put itself up for sale.

In addition to Guy, chief investment officer Dominic Rossi and fund manager Darrell O'Dea also announced plans to leave the firm earlier this month. Their exits follow those of star manager Gervais Williams in September, Guy's co-manager Guillaume Rambourg in July and compliance chief Keith Starling in April.

Woolhouse oversaw sales and marketing to global institutions at Gartmore. Gartmore told Financial News that he would not be replaced, and that his duties have been divided among existing staff.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR