Gartmore’s Hedge Fund Biz. Set To Grow

Nov 23 2009 | 6:12am ET

When Gartmore Group goes public next month, most of the proceeds will go toward paying down its debt. But the new capital will also be used to boost the firm’s hedge fund business.

Phil Wagstaff, global head of distribution at the firm, told the Financial Times that the firm plans to increase its UCITS III-compliant hedge fund lineup by three or four. It will convert some of its existing funds into vehicles that meet regulatory standards, as well as launching new funds.

Gartmore, which has £22 billion (US$36.2 billion) in assets under management, announced plans for an initial public offering last week. The firm, which is owned by its management and private equity firm Hellman & Friedman, will list its shares on the London Stock Exchange.


In Depth

Q&A: Schroders’ Forest Discusses Multi-Asset Investments On Eve Of U.S. Launch

Jul 17 2014 | 8:05am ET

Global investment manager Schroders has $446 billion in assets under management, $...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note