Monday, 24 October 2016
Last updated 2 days ago
Mar 17 2011 | 12:09pm ET
Martin Phipps, the former head of Europe hedge fund sales at Gartmore Group, has a new job four months after he was laid off by the troubled firm.
Phipps will join hedge fund NewSmith Capital Partners in May, Financial News reports. The newly-minted partner will serve as the firm's first head of marketing.
Phipps was a victim of Gartmore's restructuring and layoffs in December, just weeks before the firm finally found a buyer in Henderson Global Investors.
NewSmith was set up in 2003 by a quintet of former Merrill Lynch executives. It launched its first hedge fund the following year and now has five long/short equity funds covering the U.K., Europe, Japan and emerging markets, as well as a global fund.