Another Manager Quits Gartmore

Jan 11 2011 | 6:00am ET

Gartmore Group, the troubled hedge fund and asset management firm, has lost yet another top fund manager.

Andrew Russell has left the London-based firm, the fourth top money manager to leave the firm since the summer. He served as co-head of structured portfolio management and was manager or co-manager of Gartmore’s Long-Term Balanced and Global Bond and Euro Money funds.

Russell had spent nine years at the firm.

The Long-Term Balanced fund will now be run by Russell’s co-manager, William Edgar. John Anderson will take the helm of the Global Bond and Euro fund.

Russell’s exit follows that of fund managers Guillaume Rambourg, Gervais Williams and, most significantly, star manager Roger Guy. Gartmore has also bid farewell to chief investment officer Dominic Rossi and Darrell O’Dea, who joined the firm in April to replace the then-suspended Rambourg. Last month, Gartmore laid off 35 employees.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...