Tuesday, 1 September 2015
Last updated 16 min ago
Oct 13 2008 | 1:30pm ET
Gartmore has scrapped plans for its European Absolute Return Fund, a long/short hedge fund, because of the U.K. short-selling ban and continuing market volatility.
The fund, which was slated for on Oct. 31 launch, was supposed to use a similar strategy to Gartmore’s flagship European equity long/short hedge fund, the AlphaGen Capella Fund, and take long and short positions in equities and derivatives.
Richard Pursglove, head of U.K. retail at Gartmore, said the decision to postpone the fund was made solely in the interest of our investors," Reuters reports.
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…