Gartmore to launch European Absolute Return fund

The fund will be a UCITS III limited issue vehicle with capacity set at £200m. A three week offer period will start on 6 October and the fund will launch on 31 October, subject to regulatory approval. It will be managed using a similar strategy to Gartmore’s European equity long/short hedge fund, the AlphaGen Capella fund. It will be co-run by Roger Guy and Guillaume Rambourg. The fund is the first in a series of absolute return offerings planned by Gartmore. Further products have not yet been announced, but the firm unveiled plans to merge its multi-manager UK High Alpha and Globa...