Gartmore to consider open architecture

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Gartmore is considering distributing third-party hedge funds due to five of its nine single-strategy funds already being closed to new investors. A spokeswoman from Gartmore said the alternative fund division of the firm was considering distributing third-party product into areas such as Japan and other regions if there was sufficient demand. Gartmore already distributes its own hedge funds into Japan and Asia as well as Europe and the US. She added Gartmore was seeking a distribution agreement both for strategies the firm had but were closed, and for strategies Gartmore did not ...

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