Sunday, 29 March 2015
Last updated 2 days ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…