Phillip Ehrmann, recently appointed lead manager of Gartmore's Pacific Growth unit trust and Capital...
Phillip Ehrmann, recently appointed lead manager of Gartmore's Pacific Growth unit trust and Capital Strategy Asia Pacific fund, said he intends to repeat the success he gained in Latin America and emerging markets and turn around the funds' poor returns.
Under Ehrmann's stewardship, the Pacific Growth fund and Capital Strategy Asia Pacific fund will get access to the tools he uses for running the group's emerging markets funds, such as a team of research analysts, who focus on the Pacific and emerging markets, and a five-strong portfolio construction team.
Ehrmann, who is head of the Pacific and emerging markets team, takes overall responsibility for the performance of the two funds. He said: 'We believe that both the Pacific and emerging markets will be strong earners over the next 12 to 18 months, as global activity picks up. The aim for me is to turn my attention from emerging markets and help build a strong performance record in the mainstream Pacific.'
Ehrmann's move followed the resignation of Seok Teoh, who decided to leave the group after 11 years.
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