Henderson weighs up Gartmore takeover

Henderson Global Investors is understood to be weighing up a takeover bid for stricken rival Gartmore.

In a move which would resemble its swoop for New Star last year, Henderson has asked its advisers, JPMorgan Cazenove and UBS, to assess the feasibility of buying part or all of Gartmore, the FT reports. Gartmore has seen its share price plummet in recent months after the departure of star manager Guillaume Rambourg and the retirement of its most vital fund manager Roger Guy. The ailing fund manager, which analysts predict will suffer billions in redemptions following Guy's announcement, has hired Goldman Sachs to examine a sale of the business. Henderson is looking to examine Gartm...