Sunday, 30 August 2015
Last updated 1 day ago
Dec 17 2010 | 12:43am ET
Gervais Williams, whose departure from Gartmore Group in September coincided with the beginning of an avalanche of bad news for the firm, has joined MAM Funds.
Williams has been named a managing director at the much smaller firm, formerly Midas Capital and Mitron Asset Management. The hire is part of MAM's plan to raise £20 million in new capital.
Williams had been one of Gartmore's longest-serving fund managers and led its Irish-listed and small-cap funds. His exit led one of those funds, the £51 million Growth Opportunity Fund, to fire Gartmore.
Since Williams' exit, Gartmore has been thrown into turmoil by a series of high-level departures, most importantly that of star hedge fund manager Roger Guy. Gartmore is now actively seeking a buyer or merger partner.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…