Skandia Cuts Another Gartmore Manager

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.


In Depth

Will Liquid Alts’ Performance Sustain Future Asset Flows?

Aug 25 2014 | 10:34am ET

Liquid alternative investment funds saw the highest percentage of capital inflows...

Lifestyle

Hedgies, Economists and Musicians Mingle At Milkin Mixers In Hamptons

Aug 25 2014 | 6:00am ET

Leave it to Michael Milken to bring some gravitas and sweat to the Hamptons -- along...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

July/August 2014 Cover

The time was right

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 ...

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.