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 currently run.
Gartmore had approximately $2.49bn under management in nine single strategy funds in April, according to the group, but five portfolios were already closed to new investors.
These include its $1.39bn Capella European long/short fund run by Roger Guy and Guillaume Rambourg
Consistency and compliance vs. slower reaction time
Search for replacement to begin imminently
60+ £300bn ISA savings
Has technology moved on?
Total funds on list rise from 26 to 58