Gartmore deal reaction: What it means for unitholders

The deal will obviously significantly enhance Henderson's presence in the retail fund market, but crucially it will remove the uncertainty surrounding Gartmore's future.

The deal will obviously significantly enhance Henderson's presence in the retail fund market, but crucially it will remove the uncertainty surrounding Gartmore's future. When a fund manager is in limbo, the risk is talented managers will head toward the exit door along with investors, putting severe pressure on the investment house's bottom line. The takeover will provide unitholders with more clarity regarding the ownership and we are comfortable with Henderson as a recognised UK retail investment house. The successful integration of troubled asset manager New Star by Henderson ...