Gartmore's first retail multi- manager hedge fund offering

Gartmore is aiming to launch its first retail fund of hedge funds next year, following the launch of an institutional version last month. The plans come hot on the heels of Gartmore's 100% acquisition of Riverview International Group, a specialist fund of hedge funds business based in New Jersey in the US. Gartmore aims to be a leader in the fund of hedge funds field, according to Stephen Attenborough, head of European institutional sales at Gartmore. He believes the hedge fund industry is at an inflexion point where institutional investors will become more interested and capacity w...