Gartmore ditches Gil Knight amid performance concerns

Gil Knight and Chris Baggini co-managed the onshore and offshore US Opportunities funds while Baggini ran the US Focus fund and Gary Haubold US Growth. The trio of managers work for US-based NWD Investments and ran the funds on a sub-advisory basis. They will be replaced by Marsico Capital Management who are specialists in US large and multi-cap equities. Gartmore has also announced it will merge the Gartmore US Focus fund into the Gartmore US Opportunities fund, subject to shareholder and regulatory approval, as it was too small to be viable. The US Opps fund will have a multi-cap ma...