Gartmore

Banks led the FTSE 100 index 0.6% higher in early trading to 5,704.96 as investors showed their relief after Ireland agreed an €85bn (£72.5bn) rescue package.

Skandia Investment Group's François Zagamé is keeping his conviction in Gartmore's Chris Palmer, retaining an £80m mandate with the manager within his £1bn Global Dynamic Equity fund.

OBSR analysts Sarah Bewley and Diego Higuera reveal the Latin American funds currently on their radar.

A vehicle linked to hedge fund manager John Zwaanstra, a former protégé of George Soros, has emerged as the mystery buyer of a 5% stake in Gartmore.

Gartmore's John Bennett has been given over nine million shares to ensure his loyalty to the firm on the back of veteran manager Roger Guy's decision to retire.

United Industrial Services has built up a 4.64% stake in ailing fund manager Gartmore.

Last week showed the contrasting fortunes of two of the most well-known fund management groups in the UK market.

GOSLING'S GROUSE

Henderson UK equity manager Stephen Peak has increased his stake in troubled fund group Gartmore to 14.23%.

Gartmore CEO Jeffrey Meyer says the group's downfall over the past 12 months has "exceeded all nightmares" and believes getting out of the public markets could be best for the firm.