Gartmore Shelves Euro L/S Fund

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.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note