GARTMORE has severed ties with its US management team after it replaced Gil Knight and his colleagues at NWD Investments with US firm Marsico Capital Management.
Knight, who arrived at Gartmore in 2003 when his former firm Govett was acquired by the company, has been unable to reproduce his track record since heading up the £170m Gartmore US Opportunities fund. Knight and his co-manager Gary Haubold, who runs the Gartmore US Growth fund, are being replaced by Denver-based Marsico from June 29. Marsico’s team of Cory Gilchrist and Tom Marsico will run the US Growth and US Opportunities funds, with the company’s £37m Focus fund managed by Chris Baggini merging into the Opportunities portfolio in the future, until which time it will continue to be ru...
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