Gartmore

Gartmore has made its head of asset manager sales Simon Clark and head of strategic partners Julian Hince redundant, IFAonline understands.

Skandia is replacing several managers on its Global and UK Best Ideas funds who have failed to live up to its performance requirements.

Gartmore has confirmed it is to make between 60 and 75 employees redundant as part of a global business review and cost cutting exercise.

Gartmore has postponed the launch of its European Absolute Return fund just three days before its offer period was to begin.

Several high profile multi-managers are shifting portfolios towards the US at the expense of European weightings in a reversal of recent years.

Gartmore Investment Management is set to launch its European Absolute Return fund for managers Roger Guy and Guillaume Rambourg.

Threadneedle head of equities Dominic Rossi is to leave the firm and join Gartmore as CIO.

Gartmore plans to merge its multi-manager UK High Alpha and Global High Alpha funds into a new refocused absolute return MM vehicle.

Gartmore fixed income co-heads Karl Bergqwist and Simon Surtees have called the bottom of the financials slide and are buying back into the beleaguered sector.

Gartmore's plan to reshuffle its European desk has forced Tim Callaghan to consider his future at the firm.