Skandia has cut a €38m mandate run by Roger Guy in its European Best Ideas fund, with the group taking swift action following the Gartmore manager's decision to retire.

The retirement of star manager Roger Guy and exit of CIO Dominic Rossi have delivered a double blow to Gartmore's share price and called into question the future of the company. Here we give you the best responses from around the industry...

Dominic Rossi, who has resigned as CIO from beleaguered fund group Gartmore, is joining Fidelity Investment Managers.

A global group of bond investors has threatened the Icelandic government with legal action, in a move which could delay efforts to recoup billions of pounds of UK taxpayer funds held by the country.

Gartmore shares have dived more than 17% in early trading following Roger Guy's decision to retire from fund management.

Gartmore veteran Roger Guy has announced he will retire from day-to-day fund management.

The London Stock Exchange has delayed a major update of its computer systems after fears one its trading platforms was targeted by a saboteur yesterday.

Henderson multi-managers Mark Harris and Craig Heron are bullish on the near-term prospects for US equities following today's mid-term elections, saying the market could rise by upwards of 10%.

Premier has hired former Threadneedle manager Chris White to take over three income funds from veteran Bill Mott.

Mark Mobius, the world's most recognisable emerging markets manager, is being investigated in Turkey over possible market manipulation following requests from investors in the country.