Gartmore has let go of three further fund managers in its latest round of redundancies. Richard E...
Gartmore has let go of three further fund managers in its latest round of redundancies.
Richard Evans, manager of the Gartmore Global Opportunities fund has left the group after seven years. He is being replaced on the £55m fund by Chris Burling, who runs offshore global portfolios for Gartmore
Julian Sinclair has also left the global team while Tim Dainton has departed the UK smaller companies desk.
Neither Sinclair nor Dainton were lead managers on any funds at the time. Until earlier this year, Sinclair managed the former Global Utilities fund, now Global Opportunities, while Dainton used to manage TechTornedo, now Gartmore UK and Irish Smaller Companies. Both were merged into other funds as part of the group's rationalisation programme during May. Sinclair joined Gartmore in 1996 and Dainton in 1993.
Meanwhile, Gary Clarke has become lead manager on the Gartmore European Focus fund following Ann Steele's departure revealed in the previous issue of Investment Week. Clarke joined Gartmore in January from Rothschilds and has been lead manager on two of Gartmore's offshore pan European funds. He will retain his management duties for these portfolios. Steele had been with the group for 10 years.
Gartmore European Focus, which has an AA rating, was launched in January 2001 and is a concentrated aggressive portfolio of around 30 stocks.
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