Margaret Gadow, manager of Gartmore's China Growth fund, has left the group. Gadow, who managed th...
Margaret Gadow, manager of Gartmore's China Growth fund, has left the group.
Gadow, who managed the £16.4m Gartmore China Growth fund and joined the company four-and-a-half years ago, is to pursue other interests, a spokesman said.
Philip Ehrmann, head of Pacific and emerging markets at Gartmore, has taken over management of the portfolio following her departure. In addition to running institutional funds, Ehrmann manages the £61.7m Gartmore Pacific Growth fund.
The China Growth Fund is ranked 25 of 63 funds over three years to 20 January, after falling by 30.6%, compared with the sector average loss of 32%, offer to bid.
The fund is to be renamed Gartmore China Opportunities, following the planned February restructuring of the group's fund range, pending FSA approval.
Lasting power of attorney
Three risk profiles
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Roger Marsden takes over on interim basis
Will face 'appropriate action'