Gartmore: Analysts warn of 'tidal wave' of redemptions

Mark Williamson, KBC Peel Hunt It is inevitable that this announcement will cause the group to haemorrhage funds under management at a point when it is still hurting from the Guillaume Rambourg debacle and loss of Gervais Williams. If the business is sold it could well prove to be a fire sale, but it also seems sensible to expedite a solution sooner rather than later with Gartmore facing the real risk of death by a thousand cuts. The events at Gartmore over the past year provided a salient reminder of how quickly businesses built on star culture can unravel. This creates a dilemm...