Gartmore US Opportunities 'A' rating pulled

The fund ratings service says it wants to get to know the team at new fund manager, US-based Marsico Capital Management (MCM), before it decides whether to reinstate it. Knight and Baggini, of NWD Investments, co-managed the onshore and offshore US Opportunities funds at Gartmore but MCM will take over on 29 June following a period of underperformance. MCM, which will also take over the management of the Gartmore US Growth fund, does not currently advise on any mandates available in the UK. Gartmore also says, while MCM has an impressive investment track record in the US, it is unfamilia...