Henderson to merge away Gartmore MM funds

Henderson Global Investors is to merge the three Gartmore Multi-Manager funds run by Tony Lanning and Bill McQuaker into its own range as part of an overhaul of its offering.

The group, which is also promoting a number of co-managers to work alongside head of multi-manager McQuaker, has proposed merging the £6m Gartmore Multi-Manager Active fund into Henderson’s own £429m Active portfolio. It also plans to merge the £284m Gartmore Balanced and £71m Gartmore Cautious funds into the £133m Henderson Multi-Manager Managed and £652m Income & Growth portfolios respectively. As well as merging the funds, Henderson has promoted Chris Forgan, Helen Bradshaw and Paul Craig to work as co-managers across the range with McQuaker and Lanning. Forgan, who joined the g...