Gartmore

Former Gartmore multi-manager duo Ari Towli and Nick Roberts have joined John Husselbee's multi-asset boutique North Investment Partners.

Former head of high yield at Gartmore, Kam Tugnait, has joined European sub-investment grade credit fund managers Babson Capital Europe as a managing director.

Henderson's Stephen Peak complained bitterly about the £1.2m discretionary bonus paid to Gartmore CEO Jeff Meyer and demanded it be revoked.

Former Schroders head of UK retail sales Neil Bridge is joining MAM Funds as head of business development on 4 May.

Gartmore's former fund managers Roger Guy and Guillaume Rambourg are returning to fund management with the launch of a hedge fund, according to reports.

The US equity market has experienced an about-turn and is offering investors a wealth of opportunities, writes Mark Piper, co-fund manager of the Collins Stewart Select Opportunity fund.

Gartmore saw outflows of £1.2bn in the three months prior to the completion of its takeover by Henderson, the new owner revealed today.

So Guillaume Rambourg finds himself exonerated, as we always knew he would, while the FSA is allowed to walk away scot-free despite being the real villain of the piece.

Gartmore's Richard Pursglove and Phil Wagstaff will not be joining Henderson as part of the takeover deal.

Henderson shareholders have voted overwhelmingly in favour of the acquisition of Gartmore, with 99.97% giving the go-ahead.