Gartmore

Skandia Investment Group has cut a €38m mandate run by Roger Guy in its European Best Ideas fund, with the firm taking swift action following the Gartmore manager's decision to retire.

FLIGHT FROM GARTMORE 'INEVITABLE'

So Roger Guy is ‘retiring' from day-to-day fund management and CIO Dominic Rossi is off, barely five minutes after it seems he started.

Gartmore shares have dived more than 22% in morning trading following Roger Guy's decision to retire from fund management.

Gartmore veteran Roger Guy has announced he will retire from day-to-day fund management.

Skandia is replacing Martin Currie's Tom Walker from its team of external managers running the Global Best Ideas fund in favour of a US manager used by Gartmore.

ON EUROPE

THE BIG QUESTION

Insurance giants Prudential and Standard Life are considering partial sales of their asset management arms.

EMERGING MARKETS