Gartmore

Tony Nutt's Jupiter Income fund, along with offerings from Gartmore and SWIP, are among those blacklisted for underperformance in Principal Investment Management's latest income study.

It is almost a year since John Bennett arrived at Gartmore from GAM to take on the Gartmore European Selected Opportunities fund from Roger Guy and Guillaume Rambourg.

GOSLING'S GROUSE

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 announced today is a neat swerve by Henderson to pick up Gartmore on a two for three shares basis, which allows everyone involved to walk away with a semblance of dignity and begins to draw a line under a tricky period, to say the least.

UPDATE 12pm: The FTSE is up a third of a percent and other key European markets have jumped 1.3% on news Portugal has succeeded in raising £1bn in a bonds auction, easing concerns over the country's need for an EU bailout.

Gartmore's share price jumped 5% in early trading as the market absorbed Henderson's offer to buy the troubled fund manager in a £335m deal.

North's John Husselbee has been increasing risk within his multi-manager portfolios by upping his exposure to Asian equities during the market sell-downs towards the end of last year.

GOSLING'S GROUSE

Gartmore has seen the departure of another fund manager as Andrew Russell quits the firm.