The Artemis Alpha and Gartmore Growth Opportunities investment trusts have reached an agreement to merge the two companies.
Subject to shareholder approval, the Gartmore Growth Opportunities will be merged into the £85.3m Artemis vehicle, effected through a scheme of reconstruction and winding up of GGO. The merger announcement comes just weeks after Gartmore Growth Opportunities served Gartmore notice of termination for the £54m fund's management after the departure of Gervais Williams. The combined trust will to be managed by Artemis' John Dodd and Adrian Paterson, under the existing investment objective and applying the company's existing investment policy and approach. Both small-cap focused trus...
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