Gartmore CEO Jeff Meyer says the group has seen "no material redemptions" since its decision to suspend star manager Guillaume Rambourg yesterday.
In an interview with Reuters, Meyer says clients of the group have been wary but have stuck by the firm after Rambourg was suspended pending an investigation into potential breaches of internal trading rules. "Clients greatly appreciated hearing about it from us, but the reaction has been guarded," he said. Meyer also told Reuters Rambourg was suspected of directing the company's dealers to use certain brokers when conducting trades, but he said no single broker appeared to have received the lion's share of any favour. No fund manager is "allowed to indicate to a dealer where he or...
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