Wednesday, 27 August 2014
Last updated 1 hour ago
Dec 9 2010 | 1:54am ET
Skandia Investment Group simply isn't that impressed with the investment ideas coming out of Gartmore these days.
Just over a month ago, three Gartmore managers were represented in Skandia's range of best ideas funds. That number has now fallen to one, as the firm has fired Ben Wallace, who runs Gartmore's U.K. Absolute Return fund.
Wallace had been managing £8 million for Skandia's UK Strategic Best Ideas Fund.
"We rate Ben highly as a manager although he has not managed to recapture the strong performance of his U.K. equity long/short funds in the concentrated 10 idea portfolio he contributed to the UK Strategic Best Ideas mandate," Ryan Hughes, senior portfolio manager at Skandia, said.
Last month, Skandia cut star Gartmore hedge fund manager Roger Guy from its European Best Ideas Fund after Guy announced his retirement from the firm. Skandia still employs Gartmore's Chris Palmer, who runs £80 million for its Global Dynamic Equity fund.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...