Hambi steps down as Gartmore MM head

The decision came after a review of Gartmore's multi-manager funds, in which it was proposed the firm's three multi-manager funds - Active, UK High Alpha and Global High Alpha - would merge. Meera Patel, senior analyst at Hargreaves Lansdown, was puzzled by the move: "Hambi is well respected in the industry and is a very bright individual. "One can only speculate, but it may be that when conducting its review, Gartmore decided that keeping him on the team was not cost effective," she said. Gartmore confirmed that it remained committed to the multi-manager space but wished to deliver w...