Battle ends for European managers

Moves last week revealed all three were moving to Resolution, having resigned from Gartmore in April, so Gartmore launched an eleventh-hour bid to keep its European fund managers. Following this week’s negotiations with both firms, Callaghan will now continue to be lead manager of the Gartmore European focus fund – which he has managed since May 2005 – along with other institutional mandates, having been offered equity in the group as a partner. In contrast, however, the firm failed to persuade Darley and Fearon to stay, and they have confirmed deals to manage European funds at Resolution...