The sudden drop in Gartmore's share price following the announcement yesterday of fund manager Guillaume Rambourg's suspension has been illustrated in a dramatic 'cliff edge' graph.
The chart (above right) shows the asset manager's stock price plummet from about 170p to just 116p in less than half an hour from 4pm on 30 March, a 31% fall. It coincided with Gartmore's suspension of Rambourg pending the outcome of an internal investigation in relation to trading breaches. Gartmore maintains the suspension is not linked to an ongoing FSA insider dealing probe, which has so far resulted in seven arrests.
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